# PPP loan: BEECH DEVELOPMENT CORP.
> **$285K** approved 02/17/2021 · Exemption 4 · Loan `9537508402`
## Borrower
- **Name:** BEECH DEVELOPMENT CORP.
- **Address:** 3380 Monroe Ave Ste 116, Rochester, NY, 14618-4726
- **NAICS:** 621610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 08/01/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $285K
- **Jobs reported:** 70
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*