# PPP loan: PRODUCTIVE ENGINEERING SYSTEMS INC
> **$325K** approved 02/22/2021 · Paid in Full · Loan `2780918503`
## Borrower
- **Name:** PRODUCTIVE ENGINEERING SYSTEMS INC
- **Address:** 5736 Sellger Dr, Norfolk, VA, 23502-5252
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $327K (100%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $325K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*