# PPP loan: GERNATT ASPHALT PRODUCTS, INC.
> **$2.62M** approved 04/15/2020 · Paid in Full · Loan `8264467101`
## Borrower
- **Name:** GERNATT ASPHALT PRODUCTS, INC.
- **Address:** 13870 Taylor Hollow Road, Collins, NY, 14034
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.62M
- **Initial approval:** $2.62M
- **Forgiven:** $2.65M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.15M
- **Mortgage interest:** $110K
- **Utilities:** $214K
- **Health care:** $145K
- **Jobs reported:** 136
## 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*