# PPP loan: GLOBAL RIGGING & TRANSPORT LLC
> **$288K** approved 04/10/2020 · Charged Off · Loan `2271687109`
## Borrower
- **Name:** GLOBAL RIGGING & TRANSPORT LLC
- **Address:** 1315 Taylor Farm Road, VIRGINIA BEACH, VA, 23453-3142
- **NAICS:** 238290
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $248K (86%)
- **Forgiveness date:** 02/10/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $216K
- **Mortgage interest:** $50K
- **Utilities:** $22K
- **Jobs reported:** 67
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*