# PPP loan: MADHUE CONTRACTING INC.
> **$1.30M** approved 04/15/2020 · Paid in Full · Loan `9960967107`
## Borrower
- **Name:** MADHUE CONTRACTING INC.
- **Address:** 15 West Drive, Plandome, NY, 11030
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $739K
- **Utilities:** $174
- **Health care:** $558K
- **Jobs reported:** 36
## 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*