# PPP loan: ADNET INC
> **$242K** approved 02/18/2021 · Exemption 4 · Loan `1075738508`
## Borrower
- **Name:** ADNET INC
- **Address:** 8000 Westpark Dr 8000 Westpark Dr, McLean, VA, 22102-3114
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $176K (73%)
- **Forgiveness date:** 12/28/2023
- **Status:** Exemption 4
- **Term:** 28 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*