# PPP loan: H & B RAILROAD COMPANY INC.
> **$434K** approved 02/16/2021 · Paid in Full · Loan `9154518408`
## Borrower
- **Name:** H & B RAILROAD COMPANY INC.
- **Address:** 450 Virginia Ave, Portsmouth, VA, 23707-2126
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $435K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $434K
- **Utilities:** $1
- **Jobs reported:** 31
## 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*