# PPP loan: POLYCAP LLC
> **$233K** approved 04/10/2020 · Paid in Full · Loan `2131667101`
## Borrower
- **Name:** POLYCAP LLC
- **Address:** 219 JOE GILLESPIE DR, LEBANON, VA, 24266-1129
- **NAICS:** 326160
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $23K
- **Jobs reported:** 22
## Lender
- **Originating:** Locus Bank Inc
- **Servicing:** Locus Bank Inc (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*