# PPP loan: COLONIAL EXTERMINATING ENTERPRISES, INC.
> **$150K** approved 04/15/2020 · Paid in Full · Loan `8422787110`
## Borrower
- **Name:** COLONIAL EXTERMINATING ENTERPRISES, INC.
- **Address:** 810 FORREST DR, NEWPORT NEWS, VA, 23606-3402
- **NAICS:** 561710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $5K
- **Mortgage interest:** $10K
- **Utilities:** $15K
- **Jobs reported:** 19
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*