# PPP loan: MAYO INSURANCE AGENCY INC
> **$237K** approved 04/11/2020 · Paid in Full · Loan `3410967105`
## Borrower
- **Name:** MAYO INSURANCE AGENCY INC
- **Address:** 1917 Laskin Road, Suite 101, Virginia Beach, VA, 23454-4205
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 03/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $20K
- **Jobs reported:** 16
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*