# PPP loan: NETWORK INDUSTRIES LTD
> **$452K** approved 01/27/2021 · Paid in Full · Loan `6990748300`
## Borrower
- **Name:** NETWORK INDUSTRIES LTD
- **Address:** 2610 Church St Ste A, Norfolk, VA, 23504-1612
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $455K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $452K
- **Jobs reported:** 65
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*