# PPP loan: CUTLER INDUSTRIAL SALES INC.
> **$257K** approved 04/14/2020 · Paid in Full · Loan `7811777106`
## Borrower
- **Name:** CUTLER INDUSTRIAL SALES INC.
- **Address:** 160 Irish Lane, ISLIP TERRACE, NY, 11752-0001
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $51K
- **Jobs reported:** 12
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*