# PPP loan: CHESAPEAKE PETROLEUM & SUPPLY CO. INC.
> **$795K** approved 05/01/2021 · Paid in Full · Loan `5889228908`
## Borrower
- **Name:** CHESAPEAKE PETROLEUM & SUPPLY CO. INC.
- **Address:** 16821 Oakmont Ave, Gaithersburg, MD, 20877-4109
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $795K
- **Initial approval:** $795K
- **Forgiven:** $800K (101%)
- **Forgiveness date:** 12/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $795K
- **Jobs reported:** 44
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*