# PPP loan: DYNALENE INC.
> **$348K** approved 04/10/2020 · Paid in Full · Loan `1650787110`
## Borrower
- **Name:** DYNALENE INC.
- **Address:** 5250 West Coplay Road, Whitehall, PA, 18052-2212
- **NAICS:** 325998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Jobs reported:** 24
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*