# PPP loan: ADA CORPORATION
> **$190K** approved 04/27/2020 · Paid in Full · Loan `4676037208`
## Borrower
- **Name:** ADA CORPORATION
- **Address:** 349 Red Mill Rd, NATURAL BRIDGE, VA, 24578
- **NAICS:** 236116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Mortgage interest:** $38K
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of Botetourt
- **Servicing:** Bank of Botetourt (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*