# PPP loan: PEARSON CONSTRUCTION, INC.
> **$155K** approved 04/28/2020 · Paid in Full · Loan `1286257303`
## Borrower
- **Name:** PEARSON CONSTRUCTION, INC.
- **Address:** 511 Pearson Drive, DILLWYN, VA, 23936-2556
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Utilities:** $39K
- **Jobs reported:** 18
## Lender
- **Originating:** The Farmers Bank of Appomattox
- **Servicing:** The Farmers Bank of Appomattox (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*