# PPP loan: WOODBOURNE SOLUTIONS, INC.
> **$516K** approved 04/14/2020 · Paid in Full · Loan `6656047104`
## Borrower
- **Name:** WOODBOURNE SOLUTIONS, INC.
- **Address:** 12800 Middlebrook Road, Suite 300, GERMANTOWN, MD, 20874
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Utilities:** $129K
- **Jobs reported:** 25
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*