# PPP loan: LOYOLA ENTERPRISES, INC.
> **$486K** approved 04/07/2020 · Paid in Full · Loan `6496387003`
## Borrower
- **Name:** LOYOLA ENTERPRISES, INC.
- **Address:** 2984 S LYNNHAVEN RD Suite 101, VIRGINIA BEACH, VA, 23452-6723
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Rent:** $8K
- **Utilities:** $2K
- **Jobs reported:** 34
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*