# PPP loan: RAND CONSTRUCTION CORPORATION
> **$5.05M** approved 04/08/2020 · Paid in Full · Loan `8573557010`
## Borrower
- **Name:** RAND CONSTRUCTION CORPORATION
- **Address:** 1029 North Royal Street, ALEXANDRIA, VA, 22314-1529
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.05M
- **Initial approval:** $5.05M
- **Forgiven:** $5.14M (102%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.05M
- **Jobs reported:** 256
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*