# PPP loan: HUTCH AND ASSOCIATES INC.
> **$463K** approved 01/27/2021 · Paid in Full · Loan `6426538306`
## Borrower
- **Name:** HUTCH AND ASSOCIATES INC.
- **Address:** 1375 Delaware Ave, Buffalo, NY, 14209-1108
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $463K
- **Initial approval:** $463K
- **Forgiven:** $469K (101%)
- **Forgiveness date:** 06/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $463K
- **Utilities:** $1
- **Jobs reported:** 132
## 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*