# PPP loan: CANOPY FOODS, INC.
> **$964K** approved 04/10/2020 · Paid in Full · Loan `1869867104`
## Borrower
- **Name:** CANOPY FOODS, INC.
- **Address:** 454 Acorn Lane, Downingtown, PA, 19335-3040
- **NAICS:** 311999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $964K
- **Initial approval:** $964K
- **Forgiven:** $976K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Rent:** $150K
- **Utilities:** $44K
- **Health care:** $120K
- **Jobs reported:** 54
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*