# PPP loan: PENCO MANAGEMENT INC
> **$568K** approved 04/14/2020 · Paid in Full · Loan `6079617108`
## Borrower
- **Name:** PENCO MANAGEMENT INC
- **Address:** 5 Christy Drive, CHADDS FORD, PA, 19317
- **NAICS:** 531311
- **Business type:** Sole Proprietorship
- **Business age:** Unanswered
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $573K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $568K
- **Jobs reported:** 42
## Lender
- **Originating:** Bryn Mawr Trust. A Division of
- **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*