PPP Loan information for Commerce center associates lc

$828,100

Commerce center associates lc was initially approved for PPP Loan of amount $828,100, the current approved amount is $828,100. The loan was approved on 02/05/2021 by The TowneBank reported 60 jobs and $828,100 was used to fund payroll.

Commerce center associates lc is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Commerce center associates lc

COMMERCE CENTER ASSOCIATES LC

Date Approved

02/05/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

COMMERCE CENTER ASSOCIATES LC

Borrower Address

1900 Pavilion Dr

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23451-5551

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

828100.00

Current Approval Amount

828100.00

Undisbursed Amount

0.00

Franchise Name

DoubleTree by Hilton

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

23451-5551

CD

VA-02

Jobs Reported

60

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

828095.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

834540.78

Forgiveness Date

11/17/2021

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