# PPP loan: M. PRICE DISTRIBUTING COMPANY
> **$1.07M** approved 04/04/2020 · Paid in Full · Loan `4725597002`
## Borrower
- **Name:** M. PRICE DISTRIBUTING COMPANY
- **Address:** 1 Budweiser Street, HAMPTON, VA, 23661-1774
- **NAICS:** 424820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $19K
- **Jobs reported:** 119
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*