# PPP loan: CHESCO CORING & CUTTING INC
> **$750K** approved 04/14/2020 · Paid in Full · Loan `6470697102`
## Borrower
- **Name:** CHESCO CORING & CUTTING INC
- **Address:** 2047 Charlestown Road, Malvern, PA, 19355
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $750K
- **Initial approval:** $750K
- **Forgiven:** $759K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $150K
- **Jobs reported:** 50
## 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*