# PPP loan: RAFF & ASSOCIATES, INC
> **$343K** approved 04/08/2020 · Paid in Full · Loan `8113527000`
## Borrower
- **Name:** RAFF & ASSOCIATES, INC
- **Address:** 16 Petra Lane, ALBANY, NY, 12205-4960
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $343K
- **Initial approval:** $343K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Rent:** $29K
- **Utilities:** $4K
- **Health care:** $24K
- **Debt interest:** $400
- **Jobs reported:** 31
## 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*