# PPP loan: FREDERICKTOWNE LABS, INC.
> **$157K** approved 04/06/2020 · Paid in Full · Loan `5681077001`
## Borrower
- **Name:** FREDERICKTOWNE LABS, INC.
- **Address:** 3020 VENTRIE CT, MYERSVILLE, MD, 21773-7817
- **NAICS:** 541380
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 14
## Lender
- **Originating:** Middletown Valley Bank
- **Servicing:** Middletown Valley Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*