# PPP loan: DANCHEM TECHNOLOGIES, INC.
> **$1.98M** approved 04/07/2020 · Paid in Full · Loan `6623387007`
## Borrower
- **Name:** DANCHEM TECHNOLOGIES, INC.
- **Address:** 1975 OLD RICHMOND RD, DANVILLE, VA, 24540-5725
- **NAICS:** 314999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.97M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.98M
- **Jobs reported:** 200
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*