PPP Loan information for Forest automotive, inc.

$55,520

Forest automotive, inc. was initially approved for PPP Loan of amount $55,520, the current approved amount is $55,520. The loan was approved on 04/08/2020 by The First National Bank reported 6 jobs and $55,520 was used to fund payroll.

Forest automotive, inc. is Existing or more than 2 years old

PPP Loan Search / VA / FOREST / Forest automotive, inc.

FOREST AUTOMOTIVE, INC.

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FOREST AUTOMOTIVE, INC.

Borrower Address

1033 Rustic Village Road

Borrower City

FOREST

Borrower State

VA

Borrower Zip

24551-2251

Loan Status Date

11/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55520.00

Current Approval Amount

55520.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOREST

Project County Name

BEDFORD

Project State

VA

Project Zip

24551-2251

CD

VA-05

Jobs Reported

6

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1000.00

Payroll Proceed

44415.00

Mortgage Interest Proceed

0.00

Rent Proceed

3000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

7105

Business Type

Subchapter S Corporation

Originating Lender Location Id

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

55797.60

Forgiveness Date

10/14/2020

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