PPP Loan information for Brake king inc

$200,700

Brake king inc was initially approved for PPP Loan of amount $200,700, the current approved amount is $200,700. The loan was approved on 04/10/2020 by The TowneBank reported 20 jobs and $200,700 was used to fund payroll.

Brake king inc is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Brake king inc

BRAKE KING INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BRAKE KING INC

Borrower Address

5969 Jefferson Ave

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23605-3242

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

200700.00

Current Approval Amount

200700.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23605-3242

CD

VA-03

Jobs Reported

20

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

200700.00

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

191934.25

Forgiveness Date

12/14/2020

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