# PPP loan: ALBANY GILLS, INC.
> **$160K** approved 04/07/2020 · Paid in Full · Loan `6944237009`
## Borrower
- **Name:** ALBANY GILLS, INC.
- **Address:** 116 S State St, CLARKS SUMMIT, PA, 18411-1500
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 24
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*