# PPP loan: NORFOLK TUG COMPANY
> **$2.34M** approved 04/07/2020 · Paid in Full · Loan `7585997005`
## Borrower
- **Name:** NORFOLK TUG COMPANY
- **Address:** 508A East Indian River Rd, NORFOLK, VA, 23523-1765
- **NAICS:** 488330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.34M
- **Initial approval:** $2.34M
- **Forgiven:** $2.37M (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.34M
- **Jobs reported:** 137
## 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*