# PPP loan: SOLUTIONS DEVELOPMENT CORPORATION
> **$2.02M** approved 05/06/2020 · Exemption 4 · Loan `2718587405`
## Borrower
- **Name:** SOLUTIONS DEVELOPMENT CORPORATION
- **Address:** 17109 Dahlgren Road, King George, VA, 22485
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.02M
- **Initial approval:** $2.02M
- **Forgiven:** $98K (5%)
- **Forgiveness date:** 08/23/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.02M
- **Jobs reported:** 110
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*