# PPP loan: PENN-BOWER, INC.
> **$1.09M** approved 04/14/2020 · Paid in Full · Loan `5975377101`
## Borrower
- **Name:** PENN-BOWER, INC.
- **Address:** 143 W MAIN ST, HIGH BRIDGE, NJ, 08829-1706
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 57
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*