# PPP loan: DESROCHES & COMPANY, CPAS, PC
> **$413K** approved 04/13/2020 · Paid in Full · Loan `5302887107`
## Borrower
- **Name:** DESROCHES & COMPANY, CPAS, PC
- **Address:** 2901 S. Lynnhaven Road Suite 400, Virginia Beach, VA, 23452-6716
- **NAICS:** 541211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $416K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $310K
- **Mortgage interest:** $52K
- **Utilities:** $52K
- **Jobs reported:** 28
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*