# PPP loan: TOWNSEND FOODS, INC.
> **$429K** approved 04/15/2020 · Paid in Full · Loan `1557017206`
## Borrower
- **Name:** TOWNSEND FOODS, INC.
- **Address:** 620 HAPPY VALLEY RD, BELL BUCKLE, TN, 37020
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $429K
- **Jobs reported:** 138
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*