# PPP loan: MATNEY CONSTRUCTION CO INC
> **$490K** approved 02/04/2021 · Charged Off · Loan `2872578407`
## Borrower
- **Name:** MATNEY CONSTRUCTION CO INC
- **Address:** 4219 Dismal River Road, Oakwood, VA, 24631
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $137K (28%)
- **Forgiveness date:** 06/03/2022
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** First Sentinel Bank
- **Servicing:** First Sentinel Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*