# PPP loan: CONTRACT NET INC
> **$172K** approved 01/25/2021 · Paid in Full · Loan `5198218307`
## Borrower
- **Name:** CONTRACT NET INC
- **Address:** 11803 Rock Landing Dr, Newport News, VA, 23606
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $171K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*