# PPP loan: GOODWIN ELECTRIC CORPORATION
> **$318K** approved 04/15/2020 · Paid in Full · Loan `9042247104`
## Borrower
- **Name:** GOODWIN ELECTRIC CORPORATION
- **Address:** 201 South Youngs Road, Williamsville, NY, 14221
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $8K
- **Utilities:** $2K
- **Health care:** $100K
- **Jobs reported:** 22
## 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*