Penco Corporation
$899,600 PPP Loan in Seaford, Delaware
Loan Details
- Loan Number
- 3923607108
- Date Approved
- Apr 12, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $899,600
- Current Approval
- $899,600
- Forgiveness Amount
- $904,406
- Forgiveness Date
- Nov 5, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Penco Corporation
- Address
- 1503 West Stein Highway
- City
- Seaford
- State
- Delaware
- ZIP Code
- 19973-1198
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423720)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 88
- Estimated Revenue
- $27.0M
- Rural/Urban
- Rural
- Congressional District
- DE-
Loan Use Breakdown
- Payroll
- $680,000
- Rent
- $70,000
- Utilities
- $25,000
- Health Care
- $85,000
- Mortgage Interest
- $19,600
- Debt Interest
- $20,000
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
Other PPP Loans in Seaford, DE
| Business | Approved | |
|---|---|---|
| Wholesale Millwork, Inc. | $1,007,987 |  Research |
| Baynum Enterprises INC | $847,707 | Research |
| Frederick Ford, Inc. | $713,740 | Research |
| Harbor House Seafood INC | $670,020 | Research |
| Chambers Motors INC | $632,500 | Research |
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