PPP Loan information for Atlantic shores cooperative association

$2,818,100

Atlantic shores cooperative association was initially approved for PPP Loan of amount $2,818,100, the current approved amount is $2,818,100. The loan was approved on 04/14/2020 by The TowneBank reported 332 jobs and $2,818,100 was used to fund payroll.

Atlantic shores cooperative association is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / Atlantic shores cooperative association

ATLANTIC SHORES COOPERATIVE ASSOCIATION

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ATLANTIC SHORES COOPERATIVE ASSOCIATION

Borrower Address

1200 Atlantic Shores Dr

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23454

Loan Status Date

07/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2818100.00

Current Approval Amount

2818100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23454-0001

CD

VA-02

Jobs Reported

332

NAICS Code

623110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2818100.00

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

Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2850429.87

Forgiveness Date

06/11/2021

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