# PPP loan: PICKERING CORTS & SUMMERSON INC
> **$975K** approved 04/12/2020 · Paid in Full · Loan `3976577105`
## Borrower
- **Name:** PICKERING CORTS & SUMMERSON INC
- **Address:** 642 newtown yardley Rd Suite 300, NEWTOWN, PA, 18940-1719
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $975K
- **Initial approval:** $975K
- **Forgiven:** $988K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $975K
- **Jobs reported:** 54
## Lender
- **Originating:** Quaint Oak Bank
- **Servicing:** Quaint Oak Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*