# PPP loan: NORFOLK DREDGING COMPANY
> **$4.94M** approved 04/10/2020 · Paid in Full · Loan `1194607108`
## Borrower
- **Name:** NORFOLK DREDGING COMPANY
- **Address:** PO BOX 1706, CHESAPEAKE, VA, 23327-1706
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.94M
- **Initial approval:** $4.94M
- **Forgiven:** $5.01M (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.94M
- **Jobs reported:** 500
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*