# PPP loan: BAXTER GROUP, INC.
> **$249K** approved 04/09/2020 · Paid in Full · Loan `9764817002`
## Borrower
- **Name:** BAXTER GROUP, INC.
- **Address:** 941 Progress Road, CHAMBERSBURG, PA, 17201-3246
- **NAICS:** 562910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $50K
- **Jobs reported:** 22
## Lender
- **Originating:** Farmers and Merchants Trust Company of Chambersburg
- **Servicing:** Farmers and Merchants Trust Company of Chambersburg (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*