# PPP loan: LANCO DAIRY FARMS CO-OP, INC.
> **$1.84M** approved 04/15/2020 · Paid in Full · Loan `8737967110`
## Borrower
- **Name:** LANCO DAIRY FARMS CO-OP, INC.
- **Address:** 1258 Maryland Ave, Hagerstown, MD, 21740
- **NAICS:** 311511
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Mortgage interest:** $230K
- **Utilities:** $230K
- **Jobs reported:** 123
## 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*