# PPP loan: MALVIN RIGGINS & COMPANY, PC
> **$432K** approved 04/08/2020 · Paid in Full · Loan `7721227003`
## Borrower
- **Name:** MALVIN RIGGINS & COMPANY, PC
- **Address:** 725 CITY CENTER BLVD, NEWPORT NEWS, VA, 23606-2551
- **NAICS:** 541211
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $437K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Rent:** $83K
- **Jobs reported:** 34
## 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*