# PPP loan: DUTCHESS CHEMISTS INC.
> **$196K** approved 04/08/2020 · Paid in Full · Loan `7742427003`
## Borrower
- **Name:** DUTCHESS CHEMISTS INC.
- **Address:** 6032 ROUTE 82, STANFORDVILLE, NY, 12581-5953
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 9
## Lender
- **Originating:** Rhinebeck Bank
- **Servicing:** Rhinebeck Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*