# PPP loan: ALCO PRODUCTS COMPANY, INC.
> **$151K** approved 04/27/2020 · Paid in Full · Loan `3820097205`
## Borrower
- **Name:** ALCO PRODUCTS COMPANY, INC.
- **Address:** 4921 Wyaconda Road, North Bethesda, MD, 20852
- **NAICS:** 453930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $106K
- **Rent:** $30K
- **Health care:** $15K
- **Jobs reported:** 11
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*