# PPP loan: THE PENCE GROUP INC
> **$161K** approved 04/07/2020 · Paid in Full · Loan `7225867008`
## Borrower
- **Name:** THE PENCE GROUP INC
- **Address:** 11708 BOWMAN GREEN DR, RESTON, VA, 20190-3501
- **NAICS:** 531390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Jobs reported:** 8
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*