# PPP loan: PARAMOUNT BUILDERS, INC.
> **$489K** approved 04/16/2020 · Paid in Full · Loan `2923667208`
## Borrower
- **Name:** PARAMOUNT BUILDERS, INC.
- **Address:** 501 Central Drive, Virginia Beach, VA, 23454
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $489K
- **Jobs reported:** 131
## 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*