# PPP loan: GENE M FORBES ENTERPRISES INC
> **$1.81M** approved 04/13/2020 · Paid in Full · Loan `4555797108`
## Borrower
- **Name:** GENE M FORBES ENTERPRISES INC
- **Address:** 120 MCDONALDS ST, TAZEWELL, VA, 24651-9326
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.83M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Mortgage interest:** $262K
- **Utilities:** $100K
- **Jobs reported:** 500
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*