# PPP loan: ROUTT AND ASSOCIATES INC
> **$175K** approved 01/28/2021 · Paid in Full · Loan `7588488301`
## Borrower
- **Name:** ROUTT AND ASSOCIATES INC
- **Address:** 16 W Burwell St, Salem, VA, 24153-3822
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 5
## 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*