# PPP loan: MOD-PAC CORP
> **$3.39M** approved 05/13/2020 · Paid in Full · Loan `5731537410`
## Borrower
- **Name:** MOD-PAC CORP
- **Address:** 1801 Elmwood Avenue, Buffalo, NY, 14207
- **NAICS:** 322212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.39M
- **Initial approval:** $3.39M
- **Forgiven:** $3.43M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.90M
- **Utilities:** $100K
- **Health care:** $240K
- **Debt interest:** $150K
- **Jobs reported:** 327
## 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*