# PPP loan: PRESSCO TECHNOLOGY INC.
> **$2.25M** approved 04/09/2020 · Paid in Full · Loan `9607287005`
## Borrower
- **Name:** PRESSCO TECHNOLOGY INC.
- **Address:** 29200 Aurora Road 0.0, Cleveland, OH, 44139-1847
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $2.28M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.94M
- **Rent:** $80K
- **Mortgage interest:** $6K
- **Utilities:** $18K
- **Health care:** $200K
- **Jobs reported:** 121
## 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*