# PPP loan: SONCO WORLDWIDE INC
> **$1.76M** approved 04/15/2020 · Paid in Full · Loan `9052307102`
## Borrower
- **Name:** SONCO WORLDWIDE INC
- **Address:** 6500 Ammendale Road, Beltsville, MD, 20705
- **NAICS:** 423510
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.76M
- **Initial approval:** $1.76M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Rent:** $80K
- **Utilities:** $20K
- **Health care:** $90K
- **Debt interest:** $80K
- **Jobs reported:** 131
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*