# PPP loan: DALE OLD WRECKER SERVICE
> **$199K** approved 04/10/2020 · Paid in Full · Loan `1926267109`
## Borrower
- **Name:** DALE OLD WRECKER SERVICE
- **Address:** 900 MOUNT PLEASANT RD, CHESAPEAKE, VA, 23322-3420
- **NAICS:** 333923
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $5K
- **Mortgage interest:** $19K
- **Utilities:** $7K
- **Jobs reported:** 23
## 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*