# PPP loan: COMPACTION GROUTING SERVICES, INC.
> **$346K** approved 04/14/2020 · Paid in Full · Loan `5844567110`
## Borrower
- **Name:** COMPACTION GROUTING SERVICES, INC.
- **Address:** 375 Parkmount Road, MEDIA, PA, 19063
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Rent:** $20K
- **Mortgage interest:** $120
- **Utilities:** $1K
- **Jobs reported:** 19
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*