# PPP loan: SHIELDS CORPORATION
> **$836K** approved 04/15/2020 · Paid in Full · Loan `8517857110`
## Borrower
- **Name:** SHIELDS CORPORATION
- **Address:** 1100 Rocky Drive, West Lawn, PA, 19609
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $836K
- **Initial approval:** $836K
- **Forgiven:** $842K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Rent:** $72K
- **Utilities:** $6K
- **Health care:** $48K
- **Debt interest:** $10K
- **Jobs reported:** 88
## 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*