# PPP loan: BANA ELECTRIC CORP
> **$1.44M** approved 04/15/2020 · Paid in Full · Loan `8175647105`
## Borrower
- **Name:** BANA ELECTRIC CORP
- **Address:** 50 Gazza Boulevard, Farmingdale, NY, 11735
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $24K
- **Utilities:** $2K
- **Health care:** $175K
- **Jobs reported:** 49
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*