PPP Loan information for Lane engineering, inc.

$494,000

Lane engineering, inc. was initially approved for PPP Loan of amount $494,000, the current approved amount is $494,000. The loan was approved on 04/04/2020 by The The Bank of Marion reported 34 jobs and $494,000 was used to fund payroll.

Lane engineering, inc. is Existing or more than 2 years old

PPP Loan Search / VA / Marion / Lane engineering, inc.

LANE ENGINEERING, INC.

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

LANE ENGINEERING, INC.

Borrower Address

115 Magnolia Street

Borrower City

Marion

Borrower State

VA

Borrower Zip

24354-4411

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

494000.00

Current Approval Amount

494000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73524

Servicing Lender Name

The Bank of Marion

Servicing Lender Address

102 W Main St

Servicing Lender City

MARION

Servicing Lender State

VA

Servicing Lender Zip

24354-2514

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Marion

Project County Name

WASHINGTON

Project State

VA

Project Zip

24354-4411

CD

VA-09

Jobs Reported

34

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3000.00

Payroll Proceed

461384.00

Mortgage Interest Proceed

3896.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

21700.00

Debt Interest Proceed

4020

Business Type

Corporation

Originating Lender Location Id

73524

Originating Lender

The Bank of Marion

Originating Lender City

MARION

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

496815.12

Forgiveness Date

11/05/2020

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