# PPP loan: B&F ELECTRIC MOTORS, INC.
> **$1.50M** approved 04/05/2020 · Paid in Full · Loan `5368117004`
## Borrower
- **Name:** B&F ELECTRIC MOTORS, INC.
- **Address:** 135 SCHMITT BLVD, FARMINGDALE, NY, 11735-1403
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 92
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*