# PPP loan: J THOMAS MCGRATH PC
> **$223K** approved 04/27/2020 · Paid in Full · Loan `6132807204`
## Borrower
- **Name:** J THOMAS MCGRATH PC
- **Address:** 2606 W CARY ST, RICHMOND, VA, 23220-5119
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $224K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Health care:** $33K
- **Jobs reported:** 18
## Lender
- **Originating:** Chesapeake Bank
- **Servicing:** Chesapeake Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*