PPP Loan information for Classic distribution inc

$912,900

Classic distribution inc was initially approved for PPP Loan of amount $912,900, the current approved amount is $912,900. The loan was approved on 04/06/2020 by The Summit Community Bank, Inc. reported 100 jobs and $912,900 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

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CLASSIC DISTRIBUTION INC

Borrower Address

4660 EARLY RD

Borrower City

MOUNT CRAWFORD

Borrower State

VA

Borrower Zip

22841-2183

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

912900.00

Current Approval Amount

912900.00

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

100

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12700.00

Payroll Proceed

730200.00

Mortgage Interest Proceed

170000.00

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

920406.07

Forgiveness Date

02/09/2021

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