# PPP loan: BALAS DISTRIBUTING CO, INC
> **$346K** approved 04/07/2020 · Paid in Full · Loan `6907577007`
## Borrower
- **Name:** BALAS DISTRIBUTING CO, INC
- **Address:** 14 FOSTER AVE, FREELAND, PA, 18224-3301
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $346K
- **Jobs reported:** 30
## Lender
- **Originating:** Fidelity Deposit and Discount Bank
- **Servicing:** Fidelity Deposit and Discount Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*