# PPP loan: BABCON INC.
> **$506K** approved 04/03/2020 · Paid in Full · Loan `4512887002`
## Borrower
- **Name:** BABCON INC.
- **Address:** 147 South Estill Ave, RICHMOND, KY, 40475-2013
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $506K
- **Jobs reported:** 28
## Lender
- **Originating:** Cumberland Valley National Bank & Trust Company
- **Servicing:** Cumberland Valley National Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*