# PPP loan: VIRGINIA BEACH LIFESAVING SERVICE, INC.
> **$626K** approved 04/08/2020 · Paid in Full · Loan `8701337009`
## Borrower
- **Name:** VIRGINIA BEACH LIFESAVING SERVICE, INC.
- **Address:** 3612 Atlantic Avenue, VIRGINIA BEACH, VA, 23451-2707
- **NAICS:** 611699
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $246K
- **Forgiven:** $631K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $626K
- **Jobs reported:** 71
## 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*