# PPP loan: PORTCO VENTURES LLC
> **$413K** approved 02/04/2021 · Exemption 4 · Loan `3289088410`
## Borrower
- **Name:** PORTCO VENTURES LLC
- **Address:** 1380 Mount Cobb Rd, Jefferson Township, PA, 18436-3214
- **NAICS:** 522390
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $300K (73%)
- **Forgiveness date:** 06/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $413K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Wayne Bank
- **Servicing:** Wayne Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*