# PPP loan: SPOTSWOOD FOODS INC
> **$300K** approved 02/02/2021 · Paid in Full · Loan `1750758410`
## Borrower
- **Name:** SPOTSWOOD FOODS INC
- **Address:** 806 Spotswood Ave, Norfolk, VA, 23517-1722
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 52
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*