# PPP loan: PENN ALPS INC
> **$196K** approved 01/20/2021 · Paid in Full · Loan `2339958307`
## Borrower
- **Name:** PENN ALPS INC
- **Address:** 125 Casselman Rd, Grantsville, MD, 21536-2003
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $196K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** First United Bank & Trust
- **Servicing:** First United Bank & Trust (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*