# PPP loan: FREDERICK WARD ASSOCIATES, INC.
> **$550K** approved 04/15/2020 · Paid in Full · Loan `8736467100`
## Borrower
- **Name:** FREDERICK WARD ASSOCIATES, INC.
- **Address:** 5 South Main Street, Bel Air, MD, 21014
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Rent:** $25K
- **Utilities:** $7K
- **Health care:** $43K
- **Jobs reported:** 35
## 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*