# PPP loan: PORTCO VENTURES, LLC
> **$416K** approved 04/08/2020 · Charged Off · Loan `8652457002`
## Borrower
- **Name:** PORTCO VENTURES, LLC
- **Address:** 1380 Mount Cobb Rd, Jefferson Township, PA, 18436-3214
- **NAICS:** 561320
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $205K (49%)
- **Forgiveness date:** 08/09/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 13
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*