# PPP loan: ALVIN PETROLEUM SYSTEMS INC
> **$722K** approved 01/27/2021 · Paid in Full · Loan `7001718300`
## Borrower
- **Name:** ALVIN PETROLEUM SYSTEMS INC
- **Address:** 6550 Fresh Meadow Ln, Flushing, NY, 11365-2012
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $722K
- **Utilities:** $1
- **Jobs reported:** 38
## 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*