# PPP loan: E&R MACHINE INC.
> **$294K** approved 04/14/2020 · Paid in Full · Loan `7578837103`
## Borrower
- **Name:** E&R MACHINE INC.
- **Address:** 211 Grand Street, Lockport, NY, 14094
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Rent:** $7K
- **Utilities:** $8K
- **Health care:** $19K
- **Jobs reported:** 23
## 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*