# PPP loan: GASTON BROTHERS UTILITIES, LLC
> **$537K** approved 04/08/2020 · Paid in Full · Loan `7696277004`
## Borrower
- **Name:** GASTON BROTHERS UTILITIES, LLC
- **Address:** 2601 TRADE ST, CHESAPEAKE, VA, 23323-3307
- **NAICS:** 541618
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $537K
- **Initial approval:** $537K
- **Forgiven:** $541K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Rent:** $28K
- **Mortgage interest:** $5K
- **Utilities:** $11K
- **Jobs reported:** 36
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*