# PPP loan: PHILPAC CORPORATION
> **$634K** approved 04/15/2020 · Paid in Full · Loan `8265847110`
## Borrower
- **Name:** PHILPAC CORPORATION
- **Address:** 1144 Military Road, Buffalo, NY, 14217
- **NAICS:** 322211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $643K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $517K
- **Rent:** $27K
- **Utilities:** $28K
- **Health care:** $62K
- **Jobs reported:** 73
## 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*