# PPP loan: MOLLENBERG-BETZ INC
> **$4.62M** approved 04/07/2020 · Paid in Full · Loan `7437927004`
## Borrower
- **Name:** MOLLENBERG-BETZ INC
- **Address:** 300 Scott Street, BUFFALO, NY, 14204-2268
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.62M
- **Initial approval:** $4.62M
- **Forgiven:** $4.67M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.07M
- **Mortgage interest:** $1K
- **Utilities:** $14K
- **Health care:** $1.53M
- **Jobs reported:** 173
## 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*