# PPP loan: CHEM SERVICE INC
> **$408K** approved 04/08/2020 · Paid in Full · Loan `7868387010`
## Borrower
- **Name:** CHEM SERVICE INC
- **Address:** 660 TOWER LN, WEST CHESTER, PA, 19380-1965
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $402K
- **Utilities:** $6K
- **Jobs reported:** 26
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*