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WBEN Buffalo Business Report - Tuesday, May 25th 2021

M&T releases PPP info

M&T Bank has helped more than 9,300 local businesses secure about $1.36 billion in funding through the Paycheck Protection Program. Some of the particulars from M&T loans - the average loan size was $145,631. More than 72 percent of the approvals were for loans less than $100,000. Approximately 97 percent were to companies with 100 or fewer people. In order to process the volume of requests, M&T expanded its SBA loan team from 20 to over 2,000 people after the PPP launched.

The National Fuel Gas Company Foundation recently approved grants totaling $140,000.  Among recipients in New York: Boys & Girls Clubs Collaborative of WNY, Albright-Knox Art Gallery's Access AK programs and Mission Ignite.


Karen Lee Spaulding, Vice President of Philanthropic Support, has announced her intention to retire from The John R. Oishei Foundation at the end of 2021.  A search for her successor is now underway.

Tops has promoted Tracy Shamrock to manager for the store at 2956 Saunders Settlement Road in Sanborn.