# PPP loan: EMS INDUSTRIAL, INC.
> **$533K** approved 04/03/2020 · Paid in Full · Loan `4413347009`
## Borrower
- **Name:** EMS INDUSTRIAL, INC.
- **Address:** 807 Live Oak Drive, CHESAPEAKE, VA, 23320-2601
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $536K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $483K
- **Rent:** $50K
- **Jobs reported:** 38
## 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*