# PPP loan: PEOPLES COMMERCE INC.
> **$579K** approved 04/29/2021 · Paid in Full · Loan `4788118906`
## Borrower
- **Name:** PEOPLES COMMERCE INC.
- **Address:** 2626 Ridge Pike, Norristown, PA, 19403-1610
- **NAICS:** 532112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $579K
- **Initial approval:** $579K
- **Forgiven:** $587K (102%)
- **Forgiveness date:** 11/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $579K
- **Jobs reported:** 34
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*