# PPP loan: AMERICAN CUSTOM DRYING
> **$627K** approved 04/15/2020 · Paid in Full · Loan `8831077110`
## Borrower
- **Name:** AMERICAN CUSTOM DRYING
- **Address:** 109 Elbow Lane, Burlington, NJ, 08016
- **NAICS:** 311514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $627K
- **Initial approval:** $627K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $417K
- **Mortgage interest:** $18K
- **Utilities:** $120K
- **Health care:** $72K
- **Jobs reported:** 45
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*