# PPP loan: FERRARA LUMBER
> **$198K** approved 04/15/2020 · Paid in Full · Loan `8205837105`
## Borrower
- **Name:** FERRARA LUMBER
- **Address:** 30 West Bayard Street, Seneca Falls, NY, 13148
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $6K
- **Health care:** $14K
- **Debt interest:** $2K
- **Jobs reported:** 16
## 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*