# PPP loan: RAMSEY INDUSTRIAL COMPANY
> **$248K** approved 04/10/2020 · Paid in Full · Loan `2230557109`
## Borrower
- **Name:** RAMSEY INDUSTRIAL COMPANY
- **Address:** 129 INDUSTRIAL PARK RD, BLUEFIELD, VA, 24605-9361
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Mortgage interest:** $40K
- **Utilities:** $10K
- **Jobs reported:** 15
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*