Date Approved
02/20/2021
SBA Office Code
0304
Processing Method
PPS
Borrower Name
FORMULA EXPERIENCES LLC
Borrower Address
1131 North Paddock Lane
Borrower City
Alton
Borrower State
VA
Borrower Zip
24520
Loan Status Date
10/07/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
31457.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
124643
Servicing Lender Name
North State Bank
Servicing Lender Address
6204 Falls of Neuse Rd
Servicing Lender City
RALEIGH
Servicing Lender State
NC
Servicing Lender Zip
27609-3506
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HALIFAX
Project State
Project Zip
CD
VA-05
Jobs Reported
3
NAICS Code
711310
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
31455.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
31637.12
Forgiveness Date
09/29/2021