# PPP loan: ASCO SINTERING CO.
> **$427K** approved 05/07/2020 · Paid in Full · Loan `3641217405`
## Borrower
- **Name:** ASCO SINTERING CO.
- **Address:** 2750 GARFIELD AVE, COMMERCE, CA, 90040-2610
- **NAICS:** 332117
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Rent:** $88K
- **Utilities:** $9K
- **Health care:** $6K
- **Jobs reported:** 26
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*