# PPP loan: GC OF NEWPORT NEWS, LLC
> **$260K** approved 04/09/2020 · Exemption 4 · Loan `8926567009`
## Borrower
- **Name:** GC OF NEWPORT NEWS, LLC
- **Address:** 1453 Kempsville Road, Suite 107, VIRGINIA BEACH, VA, 23464-7301
- **NAICS:** 722514
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $56K (22%)
- **Forgiveness date:** 07/22/2021
- **Status:** Exemption 4
- **Term:** 53 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 52
## 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*