# PPP loan: R&L MACHINE SHOP, INC
> **$283K** approved 05/22/2020 · Paid in Full · Loan `1954367809`
## Borrower
- **Name:** R&L MACHINE SHOP, INC
- **Address:** 2900 Yadkin Rd, CHESAPEAKE, VA, 23323-2204
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Jobs reported:** 21
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*