# PPP loan: CHAPCO, INC.
> **$726K** approved 04/09/2020 · Paid in Full · Loan `9612027002`
## Borrower
- **Name:** CHAPCO, INC.
- **Address:** 10 DENLAR DR, CHESTER, CT, 06412-1208
- **NAICS:** 332117
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $726K
- **Initial approval:** $726K
- **Forgiven:** $734K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $618K
- **Rent:** $55K
- **Mortgage interest:** $15K
- **Utilities:** $39K
- **Jobs reported:** 69
## Lender
- **Originating:** Essex Savings Bank
- **Servicing:** Essex Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*