# PPP loan: MICHAEL KRALOWETZ
> **$2.48M** approved 04/15/2020 · Paid in Full · Loan `8655717101`
## Borrower
- **Name:** MICHAEL KRALOWETZ
- **Address:** 1200 Cavalier Blvd, CHESAPEAKE, VA, 23323
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.48M
- **Initial approval:** $2.48M
- **Forgiven:** $2.51M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.48M
- **Jobs reported:** 135
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*