# PPP loan: BESTWAY OF NEW YORK, INC.
> **$862K** approved 04/15/2020 · Paid in Full · Loan `9116777103`
## Borrower
- **Name:** BESTWAY OF NEW YORK, INC.
- **Address:** 3877 Luker Road, Cortland, NY, 13045
- **NAICS:** 321114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $696K
- **Mortgage interest:** $52K
- **Utilities:** $25K
- **Health care:** $15K
- **Debt interest:** $74K
- **Jobs reported:** 52
## 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*