# PPP loan: KENSON PLASTICS INC.
> **$1.11M** approved 01/23/2021 · Exemption 4 · Loan `4274958304`
## Borrower
- **Name:** KENSON PLASTICS INC.
- **Address:** 2835 Darlington Rd, Beaver Falls, PA, 15010-1027
- **NAICS:** 326199
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.07M (96%)
- **Forgiveness date:** 01/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 65
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*