# PPP loan: UMSTOTT INC.
> **$914K** approved 04/14/2020 · Paid in Full · Loan `7992447110`
## Borrower
- **Name:** UMSTOTT INC.
- **Address:** 493 Pine Ridge Road, Bedford, PA, 15522
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $914K
- **Initial approval:** $914K
- **Forgiven:** $920K (101%)
- **Forgiveness date:** 12/18/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Rent:** $49K
- **Mortgage interest:** $44K
- **Utilities:** $65K
- **Health care:** $6K
- **Jobs reported:** 205
## 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*