# PPP loan: STANDARD CALIBRATIONS INC.
> **$1.40M** approved 01/26/2021 · Paid in Full · Loan `6010658303`
## Borrower
- **Name:** STANDARD CALIBRATIONS INC.
- **Address:** 501 Resource Row, Chesapeake, VA, 23320-3880
- **NAICS:** 811219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.40M
- **Utilities:** $1
- **Jobs reported:** 127
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*