# PPP loan: ALCO INC
> **$189K** approved 02/20/2021 · Paid in Full · Loan `2171378501`
## Borrower
- **Name:** ALCO INC
- **Address:** 36050 Smith Chapel Rd, Logan, OH, 43138-8855
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $189K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** The Merchants National Bank
- **Servicing:** The Merchants National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*