# PPP loan: CALVARY CHAPEL NEWPORT NEWS
> **$249K** approved 04/07/2020 · Paid in Full · Loan `6959737009`
## Borrower
- **Name:** CALVARY CHAPEL NEWPORT NEWS
- **Address:** 15553 WARWICK BLVD Suite K, NEWPORT NEWS, VA, 23608-1507
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $63K
- **Utilities:** $16K
- **Jobs reported:** 49
## 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*