# PPP loan: PENELOPE INC
> **$427K** approved 02/05/2021 · Paid in Full · Loan `3553818404`
## Borrower
- **Name:** PENELOPE INC
- **Address:** 286 Industrial Park, Appomattox, VA, 24522
- **NAICS:** 448120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $427K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*