PPP Loan information for Covington car company inc

$50,000

Covington car company inc was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 04/21/2021 by The Farmers & Merchants Bank reported 3 jobs and $50,000 was used to fund payroll.

Covington car company inc is Existing or more than 2 years old

PPP Loan Search / VA / Covington / Covington car company inc

COVINGTON CAR COMPANY INC

Date Approved

04/21/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

COVINGTON CAR COMPANY INC

Borrower Address

1440 S Durant Rd

Borrower City

Covington

Borrower State

VA

Borrower Zip

24426-2231

Loan Status Date

01/26/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73976

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

165 New Market Rd

Servicing Lender City

TIMBERVILLE

Servicing Lender State

VA

Servicing Lender Zip

22853

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Covington

Project County Name

COVINGTON CITY

Project State

VA

Project Zip

24426-2231

CD

VA-06

Jobs Reported

3

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

49999.00

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

73976

Originating Lender

Farmers & Merchants Bank

Originating Lender City

TIMBERVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

50136.11

Forgiveness Date

08/04/2021

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