# PPP loan: USHERWOOD BUSINESS EQUIPMENT, INC.
> **$1.75M** approved 04/07/2020 · Paid in Full · Loan `7372177002`
## Borrower
- **Name:** USHERWOOD BUSINESS EQUIPMENT, INC.
- **Address:** 1005 W FAYETTE ST, SYRACUSE, NY, 13204-2801
- **NAICS:** 423420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.76M (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Rent:** $288K
- **Utilities:** $90K
- **Jobs reported:** 136
## Lender
- **Originating:** Pathfinder Bank
- **Servicing:** Pathfinder Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*