# PPP loan: THE TOWNSEND COMPANIES INC
> **$230K** approved 04/11/2020 · Paid in Full · Loan `2785277101`
## Borrower
- **Name:** THE TOWNSEND COMPANIES INC
- **Address:** 1429 Baffy Loop, CHESAPEAKE, VA, 23320-9460
- **NAICS:** 111422
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $233K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*