# PPP loan: NORFOLK TRUCK CENTER INC.
> **$488K** approved 04/04/2020 · Paid in Full · Loan `4755607004`
## Borrower
- **Name:** NORFOLK TRUCK CENTER INC.
- **Address:** 736 Tidewater Drive, NORFOLK, VA, 23504-3324
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Rent:** $32K
- **Utilities:** $19K
- **Jobs reported:** 48
## 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*