# PPP loan: FAISON GROUP BENEFITS INC
> **$265K** approved 04/10/2020 · Paid in Full · Loan `2325577107`
## Borrower
- **Name:** FAISON GROUP BENEFITS INC
- **Address:** 1 PO BOX 6009, ASHLAND, VA, 23005-6009
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $19K
- **Utilities:** $7K
- **Health care:** $15K
- **Jobs reported:** 19
## 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*