PPP Loan information for Loftis tire company

$107,662

Loftis tire company was initially approved for PPP Loan of amount $107,662, the current approved amount is $107,662. The loan was approved on 04/07/2020 by The First National Bank reported 12 jobs and $107,662 was used to fund payroll.

Loftis tire company is Existing or more than 2 years old

PPP Loan Search / VA / DANVILLE / Loftis tire company

LOFTIS TIRE COMPANY

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

LOFTIS TIRE COMPANY

Borrower Address

1047 SOUTH BOSTON RD

Borrower City

DANVILLE

Borrower State

VA

Borrower Zip

24540-4803

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

107662.00

Current Approval Amount

107662.00

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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DANVILLE

Project County Name

DANVILLE CITY

Project State

VA

Project Zip

24540-4803

CD

VA-05

Jobs Reported

12

NAICS Code

423130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6532.00

Payroll Proceed

86130.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

108693.76

Forgiveness Date

03/26/2021

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