# PPP loan: CERAMIC TECHNOLOGY, INC.
> **$442K** approved 04/15/2020 · Exemption 4 · Loan `1342957209`
## Borrower
- **Name:** CERAMIC TECHNOLOGY, INC.
- **Address:** 606 WARDELL INDUSTRIAL PARK RD, CEDAR BLUFF, VA, 24609-9561
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $442K
- **Initial approval:** $442K
- **Forgiven:** $229K (52%)
- **Forgiveness date:** 03/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $442K
- **Jobs reported:** 24
## Lender
- **Originating:** New Peoples Bank, Inc.
- **Servicing:** New Peoples Bank, Inc. (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*