# PPP loan: PACON MANUFACTURING CORPORATION
> **$2.00M** approved 04/07/2020 · Paid in Full · Loan `7621977008`
## Borrower
- **Name:** PACON MANUFACTURING CORPORATION
- **Address:** 400 PIERCE ST, SOMERSET, NJ, 08873-1216
- **NAICS:** 322219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 197
## Lender
- **Originating:** Peapack-Gladstone Bank
- **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*