# PPP loan: BCAK BELMONT CHASE LLC
> **$384K** approved 01/26/2021 · Exemption 4 · Loan `6299508304`
## Borrower
- **Name:** BCAK BELMONT CHASE LLC
- **Address:** 549 S Birdneck Rd Ste 101, Virginia Beach, VA, 23451-5892
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $199K (52%)
- **Forgiveness date:** 07/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Utilities:** $1
- **Jobs reported:** 37
## 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*