# PPP loan: HI-TEST LABORATORIES, INC.
> **$680K** approved 04/08/2020 · Paid in Full · Loan `8665847000`
## Borrower
- **Name:** HI-TEST LABORATORIES, INC.
- **Address:** 1104 Arvon Road, ASHLAND, VA, 23005-0087
- **NAICS:** 541380
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $680K
- **Initial approval:** $680K
- **Forgiven:** $690K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $680K
- **Jobs reported:** 37
## Lender
- **Originating:** Chesapeake Bank
- **Servicing:** Chesapeake Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*