# PPP loan: R-HOPS INC.
> **$216K** approved 01/27/2021 · Paid in Full · Loan `7026278306`
## Borrower
- **Name:** R-HOPS INC.
- **Address:** 4193 Cheswick Ln, Virginia Beach, VA, 23455-6560
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $216K
- **Utilities:** $1
- **Jobs reported:** 29
## 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*