# PPP loan: BEAM FARMS INC.
> **$196K** approved 04/30/2020 · Paid in Full · Loan `7784147305`
## Borrower
- **Name:** BEAM FARMS INC.
- **Address:** 338 N Manor road, Elverson, PA, 19520
- **NAICS:** 111150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 18
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*