12 GATES BREWING COMPANY (NY) - 2020 PPP Loan Borrower Profile (# 7242977106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 12 GATES BREWING COMPANY. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New York.

Loan Detail

Loan Number

7242977106

SBA Office Code

0296

Processing Method

PPP

Curent Loan Amount

$86,200

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$87,026.58

Date Loan was Forgiven

Apr 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,000

Payroll Proced

60,200

Rent Proceed

21,000

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

312120

Borrower Location

BUFFALO, NY

Project Location

BUFFALO, NY

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.