# PPP loan: THE NORWOOD COMPANY
> **$1.92M** approved 04/14/2020 · Paid in Full · Loan `7564077110`
## Borrower
- **Name:** THE NORWOOD COMPANY
- **Address:** 375 Technology Drive, Malvern, PA, 19355
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $1.92M
- **Forgiven:** $1.94M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.82M
- **Rent:** $60K
- **Utilities:** $38K
- **Jobs reported:** 105
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*