# PPP loan: L E HUTCHENS INC
> **$538K** approved 01/30/2021 · Paid in Full · Loan `8725628308`
## Borrower
- **Name:** L E HUTCHENS INC
- **Address:** 22 Performance Dr, Stuart, VA, 24171-5150
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $538K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*