# PPP loan: FAIR-RITE PRODUCTS CORP
> **$1.66M** approved 04/27/2020 · Paid in Full · Loan `5528327204`
## Borrower
- **Name:** FAIR-RITE PRODUCTS CORP
- **Address:** One Commercial Row, Wallkill, NY, 12589
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Utilities:** $79K
- **Health care:** $162K
- **Debt interest:** $4K
- **Jobs reported:** 111
## 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*