# PPP loan: ANCHOR INNOVATION, INC.
> **$853K** approved 04/09/2020 · Paid in Full · Loan `9811737006`
## Borrower
- **Name:** ANCHOR INNOVATION, INC.
- **Address:** 532 CENTRAL DR, VIRGINIA BEACH, VA, 23454-5227
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $853K
- **Initial approval:** $877K
- **Forgiven:** $860K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $853K
- **Jobs reported:** 53
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*