# PPP loan: PENN COMPRESSION MOULDING, INC.
> **$888K** approved 06/19/2020 · Paid in Full · Loan `9086587909`
## Borrower
- **Name:** PENN COMPRESSION MOULDING, INC.
- **Address:** 309 COMPONENTS DR, SMITHFIELD, NC, 27577-6030
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $888K
- **Initial approval:** $888K
- **Forgiven:** $895K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $886K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 127
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*