# PPP loan: ALTON'S RESTAURANT
> **$410K** approved 05/19/2020 · Paid in Full · Loan `8722347403`
## Borrower
- **Name:** ALTON'S RESTAURANT
- **Address:** 2250 Walden Ave., CHEEKTOWAGA, NY, 14225
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $412K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Rent:** $70K
- **Utilities:** $32K
- **Jobs reported:** 85
## 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*