# PPP loan: ANCO INC.
> **$429K** approved 02/03/2021 · Paid in Full · Loan `2575298410`
## Borrower
- **Name:** ANCO INC.
- **Address:** 4931 Tesla Dr Ste D, Bowie, MD, 20715-4408
- **NAICS:** 238150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $429K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*