# PPP loan: CONVERTERS, INC
> **$255K** approved 04/16/2020 · Paid in Full · Loan `3136387202`
## Borrower
- **Name:** CONVERTERS, INC
- **Address:** 1617 Republic Road, Huntingdon Valley, PA, 19006
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 19
## Lender
- **Originating:** Univest Bank and Trust Co
- **Servicing:** Univest Bank and Trust Co (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*