# PPP loan: SHULTS RESALE OF OLEAN, INC.
> **$157K** approved 04/15/2020 · Paid in Full · Loan `8344257108`
## Borrower
- **Name:** SHULTS RESALE OF OLEAN, INC.
- **Address:** 3004 West State Street, Olean, NY, 14760
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $114K
- **Rent:** $19K
- **Utilities:** $3K
- **Health care:** $9K
- **Debt interest:** $11K
- **Jobs reported:** 15
## 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*