# PPP loan: LINCO INCORPORATED
> **$690K** approved 01/20/2021 · Paid in Full · Loan `2214718301`
## Borrower
- **Name:** LINCO INCORPORATED
- **Address:** 7 Ellis Ln, Waynesboro, VA, 22980-9125
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $690K
- **Initial approval:** $1.30M
- **Forgiven:** $696K (101%)
- **Forgiveness date:** 12/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $690K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*