# PPP loan: CHANDLER RESIDENTIAL INC.
> **$597K** approved 04/11/2020 · Paid in Full · Loan `2887047103`
## Borrower
- **Name:** CHANDLER RESIDENTIAL INC.
- **Address:** 11719 B JEFFERSON AVE Ste 103, NEWPORT NEWS, VA, 23606-1935
- **NAICS:** 531312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $603K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $591K
- **Rent:** $7K
- **Jobs reported:** 66
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*