PPP Loan information for Franklin lumber llc

$850,000

Franklin lumber llc was initially approved for PPP Loan of amount $850,000, the current approved amount is $850,000. The loan was approved on 04/06/2020 by The TowneBank reported 70 jobs and $850,000 was used to fund payroll.

Franklin lumber llc is Existing or more than 2 years old

PPP Loan Search / VA / FRANKLIN / Franklin lumber llc

FRANKLIN LUMBER LLC

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FRANKLIN LUMBER LLC

Borrower Address

529 Carrsville Highway

Borrower City

FRANKLIN

Borrower State

VA

Borrower Zip

23851-1573

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

850000.00

Current Approval Amount

850000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FRANKLIN

Project County Name

FRANKLIN CITY

Project State

VA

Project Zip

23851-1573

CD

VA-02

Jobs Reported

70

NAICS Code

321113

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

850000.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

855052.78

Forgiveness Date

11/17/2020

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