PPP Loan information for Chesapeake bay academy

$425,000

Chesapeake bay academy was initially approved for PPP Loan of amount $425,000, the current approved amount is $425,000. The loan was approved on 04/08/2020 by The TowneBank reported 46 jobs and $425,000 was used to fund payroll.

Chesapeake bay academy is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / Chesapeake bay academy

CHESAPEAKE BAY ACADEMY

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CHESAPEAKE BAY ACADEMY

Borrower Address

821 Baker Road

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23462-1004

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

425000.00

Current Approval Amount

425000.00

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

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23462-1004

CD

VA-02

Jobs Reported

46

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

425000.00

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

Non-Profit Organization

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

429521.53

Forgiveness Date

04/29/2021

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