# PPP loan: BELT ENTERPRISES INC
> **$959K** approved 04/14/2020 · Paid in Full · Loan `7625317104`
## Borrower
- **Name:** BELT ENTERPRISES INC
- **Address:** 811 Shandy Brook Drive, Westminster, MD, 21157
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $959K
- **Initial approval:** $959K
- **Forgiven:** $970K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $874K
- **Rent:** $32K
- **Utilities:** $8K
- **Health care:** $36K
- **Debt interest:** $10K
- **Jobs reported:** 83
## 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*