# PPP loan: SOUTHERN MATERIAL HANDLING, INC.
> **$165K** approved 04/27/2020 · Paid in Full · Loan `5415887201`
## Borrower
- **Name:** SOUTHERN MATERIAL HANDLING, INC.
- **Address:** 3015 Airline Boulevard, Portsmouth, VA, 23701
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 12
## 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*