# PPP loan: DEMCO ENTERPRISES INC.
> **$271K** approved 04/27/2020 · Paid in Full · Loan `5262367207`
## Borrower
- **Name:** DEMCO ENTERPRISES INC.
- **Address:** 300 Commerce Dr, Quakertown, PA, 18951
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Utilities:** $34K
- **Health care:** $34K
- **Jobs reported:** 19
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*