# PPP loan: AMCHES, INC.
> **$889K** approved 04/15/2020 · Paid in Full · Loan `9177287102`
## Borrower
- **Name:** AMCHES, INC.
- **Address:** 7467 Ridge Road Suite 130, Hanover, MD, 21076
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $889K
- **Initial approval:** $889K
- **Forgiven:** $307K (35%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $811K
- **Rent:** $29K
- **Health care:** $49K
- **Jobs reported:** 33
## 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*