# PPP loan: TOWNSEND MANAGEMENT GROUP, LLC
> **$224K** approved 04/05/2020 · Paid in Full · Loan `5328727005`
## Borrower
- **Name:** TOWNSEND MANAGEMENT GROUP, LLC
- **Address:** 18061 N I 12 SERVICE RD, HAMMOND, LA, 70403-0903
- **NAICS:** 531311
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Mortgage interest:** $19K
- **Utilities:** $5K
- **Jobs reported:** 16
## Lender
- **Originating:** First American Bank & Trust
- **Servicing:** First American Bank & Trust (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*