# PPP loan: THECUT INC
> **$166K** approved 04/15/2020 · Paid in Full · Loan `8603557110`
## Borrower
- **Name:** THECUT INC
- **Address:** 1595 Spring Hill Rd STE 310, Vienna, VA, 22182
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $133K
- **Rent:** $10K
- **Utilities:** $17K
- **Health care:** $7K
- **Jobs reported:** 6
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*