# PPP loan: VA. BCH. ELECTRIC SERVICE INC.
> **$224K** approved 04/11/2020 · Paid in Full · Loan `3477487108`
## Borrower
- **Name:** VA. BCH. ELECTRIC SERVICE INC.
- **Address:** 2520 HORSE PASTURE RD 101, VIRGINIA BEACH, VA, 23453-2963
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Rent:** $9K
- **Utilities:** $2K
- **Jobs reported:** 20
## 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*