# PPP loan: PROGRESSIVE MANUFACTURING CORP.
> **$175K** approved 02/22/2021 · Paid in Full · Loan `2884738502`
## Borrower
- **Name:** PROGRESSIVE MANUFACTURING CORP.
- **Address:** 1701 W Hundred Rd, Chester, VA, 23836-2536
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $175K (100%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 20
## 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*