# PPP loan: INLET CONSTRUCTION INC.
> **$365K** approved 04/10/2020 · Paid in Full · Loan `2572757110`
## Borrower
- **Name:** INLET CONSTRUCTION INC.
- **Address:** 2117 E. Indian River Road, NORFOLK, VA, 23523-2422
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $331K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Jobs reported:** 40
## 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*