# PPP loan: PENN FOAM CORPORATION
> **$790K** approved 04/08/2020 · Paid in Full · Loan `7755747004`
## Borrower
- **Name:** PENN FOAM CORPORATION
- **Address:** 2625 MITCHELL AVE, ALLENTOWN, PA, 18103-6610
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $790K
- **Initial approval:** $790K
- **Forgiven:** $796K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $593K
- **Rent:** $119K
- **Utilities:** $79K
- **Jobs reported:** 65
## 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*