# PPP loan: BEACH BABIES CHILD CARE AT TOWNSEND
> **$196K** approved 05/22/2020 · Paid in Full · Loan `1986867800`
## Borrower
- **Name:** BEACH BABIES CHILD CARE AT TOWNSEND
- **Address:** 6020 Summit Bridge Road, Townsend, DE, 19734-9614
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 14
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*