# PPP loan: PENCO ACQUISITION CO. LLC
> **$251K** approved 01/23/2021 · Paid in Full · Loan `4770938308`
## Borrower
- **Name:** PENCO ACQUISITION CO. LLC
- **Address:** 2621 West Ave, Ashtabula, OH, 44004-3115
- **NAICS:** 333511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $252K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** CNB Bank
- **Servicing:** CNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*