# PPP loan: BAB IT CORP.
> **$373K** approved 04/14/2020 · Paid in Full · Loan `7689577100`
## Borrower
- **Name:** BAB IT CORP.
- **Address:** 1895 Walt Whitman Road, Melville, NY, 11747
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $377K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Health care:** $39K
- **Jobs reported:** 18
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*