# PPP loan: AYER CORP
> **$498K** approved 04/14/2020 · Paid in Full · Loan `7638097109`
## Borrower
- **Name:** AYER CORP
- **Address:** 7941 Dorsey Run Road, Jessup, MD, 20794
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Rent:** $16K
- **Mortgage interest:** $100
- **Utilities:** $15K
- **Health care:** $6K
- **Debt interest:** $700
- **Jobs reported:** 43
## 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*