# PPP loan: ATLANTIC COMMTECH CORPORATION
> **$2.32M** approved 04/15/2020 · Paid in Full · Loan `9819347110`
## Borrower
- **Name:** ATLANTIC COMMTECH CORPORATION
- **Address:** 2509 Walmer Ave, NORFOLK, VA, 23513
- **NAICS:** 517311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.32M
- **Initial approval:** $2.32M
- **Forgiven:** $708K (31%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.32M
- **Jobs reported:** 124
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*