PPP Loan information for Drop payroll, llc

$163,000

Drop payroll, llc was initially approved for PPP Loan of amount $163,000, the current approved amount is $163,000. The loan was approved on 04/04/2020 by The The First Bank and Trust Company reported 45 jobs and $163,000 was used to fund payroll.

Drop payroll, llc is New Business or 2 years or less

PPP Loan Search / VA / BLACKSBURG / Drop payroll, llc

DROP PAYROLL, LLC

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

DROP PAYROLL, LLC

Borrower Address

1709 WHIPPLE DR

Borrower City

BLACKSBURG

Borrower State

VA

Borrower Zip

24060-2420

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

163000.00

Current Approval Amount

163000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73510

Servicing Lender Name

The First Bank and Trust Company

Servicing Lender Address

359 W Main St

Servicing Lender City

LEBANON

Servicing Lender State

VA

Servicing Lender Zip

24266

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

BLACKSBURG

Project County Name

MONTGOMERY

Project State

VA

Project Zip

24060-2420

CD

VA-09

Jobs Reported

45

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

163000.00

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

73510

Originating Lender

The First Bank and Trust Company

Originating Lender City

LEBANON

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

164005.17

Forgiveness Date

11/19/2020

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