# PPP loan: TOWNSEND & ASSOCIATES, INC.
> **$1.08M** approved 04/29/2020 · Paid in Full · Loan `4636037301`
## Borrower
- **Name:** TOWNSEND & ASSOCIATES, INC.
- **Address:** 442 Speedwell Ave, Morris Plains, NJ, 07950
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $835K (77%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 80
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*