# PPP loan: BUFFALO FINE ARTS ACADEMY
> **$1.11M** approved 04/14/2020 · Paid in Full · Loan `7649517110`
## Borrower
- **Name:** BUFFALO FINE ARTS ACADEMY
- **Address:** 1285 Elmwood Avenue, Buffalo, NY, 14222
- **NAICS:** 712110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $925K
- **Rent:** $15K
- **Mortgage interest:** $45K
- **Utilities:** $35K
- **Health care:** $85K
- **Debt interest:** $6K
- **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*