# PPP loan: MALCO PRODUCTS, INC
> **$2.91M** approved 04/09/2020 · Paid in Full · Loan `9207767008`
## Borrower
- **Name:** MALCO PRODUCTS, INC
- **Address:** 361 Fairview Avenue 0.0, Barberton, OH, 44203-2774
- **NAICS:** 325612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.91M
- **Initial approval:** $2.91M
- **Forgiven:** $2.95M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.17M
- **Mortgage interest:** $64K
- **Utilities:** $181K
- **Health care:** $417K
- **Debt interest:** $76K
- **Jobs reported:** 245
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*