# PPP loan: SAMCO TECHNOLGIES, INC.
> **$495K** approved 04/09/2020 · Paid in Full · Loan `9781967003`
## Borrower
- **Name:** SAMCO TECHNOLGIES, INC.
- **Address:** 1 RIVER ROCK DR, BUFFALO, NY, 14207-2169
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Rent:** $62K
- **Utilities:** $62K
- **Jobs reported:** 35
## Lender
- **Originating:** Evans Bank, National Association
- **Servicing:** Evans Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*