# PPP loan: BYERS, INC.
> **$1.75M** approved 04/11/2020 · Paid in Full · Loan `2706307100`
## Borrower
- **Name:** BYERS, INC.
- **Address:** 43 Douglas Way, NATURAL BRIDGE STATION, VA, 24579
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.32M
- **Mortgage interest:** $351K
- **Utilities:** $88K
- **Jobs reported:** 78
## Lender
- **Originating:** Bank of Botetourt
- **Servicing:** Bank of Botetourt (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*