# PPP loan: ILEX CONSTRUCTION, INC.
> **$359K** approved 04/08/2020 · Paid in Full · Loan `8760657000`
## Borrower
- **Name:** ILEX CONSTRUCTION, INC.
- **Address:** 433 PARK ST, CHARLOTTESVILLE, VA, 22902-4737
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $359K
- **Initial approval:** $359K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $328K
- **Rent:** $13K
- **Utilities:** $7K
- **Health care:** $10K
- **Jobs reported:** 25
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*