PPP Loan information for Champco inc t/a power electric co

$1,003,000

Champco inc t/a power electric co was initially approved for PPP Loan of amount $1,003,000, the current approved amount is $1,003,000. The loan was approved on 04/09/2020 by The TowneBank reported 85 jobs and $1,003,000 was used to fund payroll.

Champco inc t/a power electric co is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Champco inc t/a power electric co

CHAMPCO INC T/A POWER ELECTRIC CO

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CHAMPCO INC T/A POWER ELECTRIC CO

Borrower Address

1954 Diamond Hill Rd

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23324-2935

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1003000.00

Current Approval Amount

1003000.00

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

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23324-2935

CD

VA-03

Jobs Reported

85

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1003000.00

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

1009770.25

Forgiveness Date

12/17/2020

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