# PPP loan: VM & SONS INC
> **$341K** approved 04/07/2020 · Paid in Full · Loan `6558787001`
## Borrower
- **Name:** VM & SONS INC
- **Address:** 1242 RICHMOND RD, WILLIAMSBURG, VA, 23185-2827
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Rent:** $34K
- **Utilities:** $17K
- **Debt interest:** $7K
- **Jobs reported:** 64
## 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*