# PPP loan: SCHIAPPA RESTAURANTS INC.
> **$338K** approved 04/15/2020 · Paid in Full · Loan `9546347103`
## Borrower
- **Name:** SCHIAPPA RESTAURANTS INC.
- **Address:** 2348 Wehrle DR, Williamsville, NY, 14221
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Rent:** $33K
- **Mortgage interest:** $3K
- **Utilities:** $15K
- **Health care:** $10K
- **Jobs reported:** 55
## 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*