# PPP loan: DAVID J WITCHELL SALON AND SPA
> **$862K** approved 04/09/2020 · Paid in Full · Loan `9642377003`
## Borrower
- **Name:** DAVID J WITCHELL SALON AND SPA
- **Address:** 25 South State Street, NEWTOWN, PA, 18940-3571
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $869K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $662K
- **Rent:** $96K
- **Mortgage interest:** $25K
- **Utilities:** $15K
- **Health care:** $29K
- **Debt interest:** $36K
- **Jobs reported:** 112
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*