# PPP loan: VARNEY, INC
> **$2.26M** approved 04/10/2020 · Paid in Full · Loan `1628137107`
## Borrower
- **Name:** VARNEY, INC
- **Address:** 1401 Municipal Rd, ROANOKE, VA, 24012
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.26M
- **Initial approval:** $2.26M
- **Forgiven:** $2.28M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.26M
- **Jobs reported:** 186
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*