# PPP loan: WEITRON INC
> **$737K** approved 04/14/2020 · Paid in Full · Loan `7782117107`
## Borrower
- **Name:** WEITRON INC
- **Address:** 801 Pencader Drive, Newark, DE, 19702
- **NAICS:** 423740
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $737K
- **Initial approval:** $737K
- **Forgiven:** $747K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Rent:** $55K
- **Utilities:** $62K
- **Health care:** $36K
- **Debt interest:** $44K
- **Jobs reported:** 64
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*