# PPP loan: PROGRESS PRINTING COMPANY
> **$1.20M** approved 04/07/2020 · Paid in Full · Loan `6502397003`
## Borrower
- **Name:** PROGRESS PRINTING COMPANY
- **Address:** 2677 Waterlick Road, LYNCHBURG, VA, 24502-4861
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $902K
- **Rent:** $170K
- **Utilities:** $130K
- **Jobs reported:** 99
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*