PPP Loan information for Ballenger motorsports, inc.

$56,100

Ballenger motorsports, inc. was initially approved for PPP Loan of amount $56,000, the current approved amount is $56,100. The loan was approved on 04/13/2020 by The Truist Bank reported 7 jobs and $56,100 was used to fund payroll.

Ballenger motorsports, inc. is Existing or more than 2 years old

PPP Loan Search / VA / MECHANICSVILLE / Ballenger motorsports, inc.

BALLENGER MOTORSPORTS, INC.

Date Approved

04/13/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BALLENGER MOTORSPORTS, INC.

Borrower Address

8052 ELM DR Suite G

Borrower City

MECHANICSVILLE

Borrower State

VA

Borrower Zip

23111-1113

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

56000.00

Current Approval Amount

56100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MECHANICSVILLE

Project County Name

HANOVER

Project State

VA

Project Zip

23111-1113

CD

VA-01

Jobs Reported

7

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

56100.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

56623.60

Forgiveness Date

03/25/2021

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