PPP Loan information for Classic distribution inc.

$910,500

Classic distribution inc. was initially approved for PPP Loan of amount $910,500, the current approved amount is $910,500. The loan was approved on 02/04/2021 by The Summit Community Bank, Inc. reported 92 jobs and $910,500 was used to fund payroll.

Classic distribution inc. is Existing or more than 2 years old

PPP Loan Search / VA / Mount Crawford / Classic distribution inc.

CLASSIC DISTRIBUTION INC.

Date Approved

02/04/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

CLASSIC DISTRIBUTION INC.

Borrower Address

4660 Early Rd

Borrower City

Mount Crawford

Borrower State

VA

Borrower Zip

22841-2183

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

910500.00

Current Approval Amount

910500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Crawford

Project County Name

ROCKINGHAM

Project State

VA

Project Zip

22841-2183

CD

VA-06

Jobs Reported

92

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

910496.00

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

919377.37

Forgiveness Date

01/28/2022

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