PPP Loan information for Commonwealth motorsports llc

$49,427

Commonwealth motorsports llc was initially approved for PPP Loan of amount $49,427, the current approved amount is $49,427. The loan was approved on 03/26/2021 by The Chesapeake Bank reported 4 jobs and $49,427 was used to fund payroll.

Commonwealth motorsports llc is Existing or more than 2 years old

PPP Loan Search / VA / Hayes / Commonwealth motorsports llc

COMMONWEALTH MOTORSPORTS LLC

Date Approved

03/26/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

COMMONWEALTH MOTORSPORTS LLC

Borrower Address

3481 George Washington Memorial Hwy

Borrower City

Hayes

Borrower State

VA

Borrower Zip

23072-3100

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

49427.00

Current Approval Amount

49427.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73496

Servicing Lender Name

Chesapeake Bank

Servicing Lender Address

97 N Main St

Servicing Lender City

KILMARNOCK

Servicing Lender State

VA

Servicing Lender Zip

22482-8501

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hayes

Project County Name

GLOUCESTER

Project State

VA

Project Zip

23072-3100

CD

VA-01

Jobs Reported

4

NAICS Code

451110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

49426.00

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

73496

Originating Lender

Chesapeake Bank

Originating Lender City

KILMARNOCK

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

49609.61

Forgiveness Date

08/18/2021

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