# PPP loan: KARAKORAM GROUP LLC
> **$229K** approved 01/26/2021 · Exemption 4 · Loan `6143968306`
## Borrower
- **Name:** KARAKORAM GROUP LLC
- **Address:** 1120 Ditchley Rd, Virginia Beach, VA, 23451-3757
- **NAICS:** 541690
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $156K (68%)
- **Forgiveness date:** 11/17/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*