# PPP loan: PENNOCK COMPANY
> **$1.56M** approved 03/13/2021 · Paid in Full · Loan `1424108604`
## Borrower
- **Name:** PENNOCK COMPANY
- **Address:** 5060 West Chester Pike, Newtown Square, PA, 19073-2802
- **NAICS:** 424930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 06/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.56M
- **Utilities:** $1
- **Jobs reported:** 157
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*