PPP Loan information for Dynamic towing equipment & manufacturing inc.

$385,100

Dynamic towing equipment & manufacturing inc. was initially approved for PPP Loan of amount $385,100, the current approved amount is $385,100. The loan was approved on 04/05/2020 by The The Old Point National Bank of Phoebus reported 30 jobs and $385,100 was used to fund payroll.

Dynamic towing equipment & manufacturing inc. is Existing or more than 2 years old

PPP Loan Search / VA / NORFOLK / Dynamic towing equipment & manufacturing inc.

DYNAMIC TOWING EQUIPMENT & MANUFACTURING INC.

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

DYNAMIC TOWING EQUIPMENT & MANUFACTURING INC.

Borrower Address

1120 E. BRAMBLETON AVE

Borrower City

NORFOLK

Borrower State

VA

Borrower Zip

23504-3415

Loan Status Date

05/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

385100.00

Current Approval Amount

385100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORFOLK

Project County Name

NORFOLK CITY

Project State

VA

Project Zip

23504-3415

CD

VA-03

Jobs Reported

30

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1100.00

Payroll Proceed

354000.00

Mortgage Interest Proceed

0.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

388801.24

Forgiveness Date

03/31/2021

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