# PPP loan: GENERAL OIL EQUIPMENT CO., INC
> **$1.04M** approved 04/15/2020 · Paid in Full · Loan `9303527104`
## Borrower
- **Name:** GENERAL OIL EQUIPMENT CO., INC
- **Address:** 60 JOHN GLENN DRIVE, AMHERST, NY, 14228
- **NAICS:** 325612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $896K
- **Rent:** $38K
- **Utilities:** $16K
- **Health care:** $91K
- **Debt interest:** $3K
- **Jobs reported:** 80
## 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*