# PPP loan: KORSCH AMERICA INC
> **$578K** approved 04/28/2020 · Paid in Full · Loan `1498967306`
## Borrower
- **Name:** KORSCH AMERICA INC
- **Address:** 18 BRISTOL DR, SOUTH EASTON, MA, 02375-1108
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $578K
- **Initial approval:** $578K
- **Forgiven:** $584K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $578K
- **Jobs reported:** 23
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*