# PPP loan: MIDSTATE BASEMENT AUTHORITIES INC.
> **$200K** approved 04/15/2020 · Paid in Full · Loan `9427777100`
## Borrower
- **Name:** MIDSTATE BASEMENT AUTHORITIES INC.
- **Address:** 1143 Elmira Road, Newfield, NY, 14867
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Mortgage interest:** $3K
- **Utilities:** $14K
- **Health care:** $19K
- **Debt interest:** $10K
- **Jobs reported:** 20
## 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*