# PPP loan: WATTS MANAGEMENT
> **$419K** approved 04/10/2020 · Paid in Full · Loan `1379007101`
## Borrower
- **Name:** WATTS MANAGEMENT
- **Address:** 11535 Fox Cross Rd, ASHLAND, VA, 23005-8055
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $337K
- **Mortgage interest:** $52K
- **Utilities:** $11K
- **Health care:** $20K
- **Jobs reported:** 32
## Lender
- **Originating:** Blue Ridge Bank National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*