# PPP loan: GERHARZ EQUIPMENT INC.
> **$414K** approved 01/29/2021 · Paid in Full · Loan `8033598300`
## Borrower
- **Name:** GERHARZ EQUIPMENT INC.
- **Address:** 220 Teall Ave, Syracuse, NY, 13210-1219
- **NAICS:** 423440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $414K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $414K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*