# PPP loan: WILLIAM H PORTER INC
> **$1.87M** approved 04/14/2020 · Paid in Full · Loan `7820647104`
## Borrower
- **Name:** WILLIAM H PORTER INC
- **Address:** 414 East Cleveland Avenue, Newark, DE, 19711
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.87M
- **Initial approval:** $1.87M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Rent:** $45K
- **Mortgage interest:** $24K
- **Utilities:** $41K
- **Health care:** $57K
- **Jobs reported:** 145
## 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*