# PPP loan: PATTON ELECTRONICS COMPANY
> **$895K** approved 04/15/2020 · Paid in Full · Loan `8933417106`
## Borrower
- **Name:** PATTON ELECTRONICS COMPANY
- **Address:** 7622 Rickenbacker Drive, Gaithersburg, MD, 20879
- **NAICS:** 334118
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $895K
- **Initial approval:** $895K
- **Forgiven:** $903K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $629K
- **Rent:** $85K
- **Utilities:** $25K
- **Health care:** $98K
- **Debt interest:** $58K
- **Jobs reported:** 54
## 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*