# PPP loan: FAVA, INC.
> **$318K** approved 04/15/2020 · Paid in Full · Loan `9194217105`
## Borrower
- **Name:** FAVA, INC.
- **Address:** 905 Elmwood Avenue, Buffalo, NY, 14222
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Rent:** $26K
- **Utilities:** $8K
- **Health care:** $7K
- **Debt interest:** $918
- **Jobs reported:** 44
## 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*