FORECO INC. (VI) - 2020 PPP Loan Borrower Profile (# 7042027305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FORECO INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in US Virgin Islands.

Loan Detail

Loan Number

7042027305

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$90,000

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$90,690

Date Loan was Forgiven

Feb 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

90,000

Lender

Merchants Commercial Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

444130

Borrower Location

St. John, VI

Project Location

St. John, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.