# PPP loan: STANDARD INSULATING CO., INC.
> **$591K** approved 04/09/2020 · Paid in Full · Loan `9118837003`
## Borrower
- **Name:** STANDARD INSULATING CO., INC.
- **Address:** 9488 RIVER RD, MARCY, NY, 13403-2071
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $597K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $443K
- **Mortgage interest:** $74K
- **Utilities:** $74K
- **Jobs reported:** 53
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*