# PPP loan: KACE ENTERPRISES
> **$1.47M** approved 04/07/2020 · Paid in Full · Loan `7281687007`
## Borrower
- **Name:** KACE ENTERPRISES
- **Address:** 1013 E MAIN ST, SALEM, VA, 24153-4419
- **NAICS:** 621610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.48M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Mortgage interest:** $26K
- **Utilities:** $10K
- **Jobs reported:** 215
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*