# PPP loan: FUTRON INCORPORATED
> **$1.29M** approved 01/28/2021 · Exemption 4 · Loan `7622378308`
## Borrower
- **Name:** FUTRON INCORPORATED
- **Address:** 10467 Crown Court, Woodbridge, VA, 22193
- **NAICS:** 238390
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.23M (95%)
- **Forgiveness date:** 12/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.29M
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*