# PPP loan: BURT PROCESS EQUIPMENT INC.
> **$1.31M** approved 04/06/2020 · Paid in Full · Loan `5982797009`
## Borrower
- **Name:** BURT PROCESS EQUIPMENT INC.
- **Address:** 100 OVERLOOK DR, HAMDEN, CT, 06514-1139
- **NAICS:** 423490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Jobs reported:** 110
## 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*