# PPP loan: EASTERN CONTRACTING INC
> **$329K** approved 05/20/2020 · Charged Off · Loan `9632237406`
## Borrower
- **Name:** EASTERN CONTRACTING INC
- **Address:** 7263 MAPLE PL, ANNANDALE, VA, 22003-3004
- **NAICS:** 238390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $205K (62%)
- **Forgiveness date:** 12/09/2021
- **Status:** Charged Off
- **Term:** 27 months
## Use of funds
- **Payroll:** $329K
- **Jobs reported:** 29
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*