PPP Loan information for 221 south automotive

$692,200

221 south automotive was initially approved for PPP Loan of amount $692,200, the current approved amount is $692,200. The loan was approved on 04/05/2020 by The Select Bank reported 66 jobs and $692,200 was used to fund payroll.

221 south automotive is Existing or more than 2 years old

PPP Loan Search / VA / FOREST / 221 south automotive

221 SOUTH AUTOMOTIVE

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

221 SOUTH AUTOMOTIVE

Borrower Address

18588 Forest Rd.

Borrower City

FOREST

Borrower State

VA

Borrower Zip

24551-4051

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

692200.00

Current Approval Amount

692200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOREST

Project County Name

BEDFORD

Project State

VA

Project Zip

24551-4051

CD

VA-05

Jobs Reported

66

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

692200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

697528.99

Forgiveness Date

01/20/2021

;