# PPP loan: ABBITT MANAGEMENT LLC
> **$740K** approved 04/08/2020 · Paid in Full · Loan `8510157000`
## Borrower
- **Name:** ABBITT MANAGEMENT LLC
- **Address:** 11835 FISHING POINT DR Suite 101, NEWPORT NEWS, VA, 23606-2503
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $745K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Rent:** $13K
- **Utilities:** $2K
- **Jobs reported:** 87
## 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*