# PPP loan: COVANEX INC
> **$569K** approved 04/15/2020 · Paid in Full · Loan `9357247109`
## Borrower
- **Name:** COVANEX INC
- **Address:** 114 Columbia Street, Corning, NY, 14830
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $576K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $518K
- **Rent:** $22K
- **Utilities:** $5K
- **Health care:** $24K
- **Jobs reported:** 18
## 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*