# PPP loan: D. BOLT DEVELOPMENTS INC.
> **$167K** approved 04/23/2021 · Exemption 4 · Loan `9678428809`
## Borrower
- **Name:** D. BOLT DEVELOPMENTS INC.
- **Address:** 5792 Beechwalk Dr, Va Beach, VA, 23464-5000
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $103K (62%)
- **Forgiveness date:** 07/12/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $1
- **Jobs reported:** 4
## 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*