# PPP loan: SATCO PRODUCTS INC
> **$4.59M** approved 04/10/2020 · Paid in Full · Loan `1848667104`
## Borrower
- **Name:** SATCO PRODUCTS INC
- **Address:** 110 Heartland Blvd 0.0, Brentwood, NY, 11717-8303
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.59M
- **Initial approval:** $4.59M
- **Forgiven:** $4.64M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Rent:** $950K
- **Utilities:** $135K
- **Jobs reported:** 348
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*