PPP Loan information for Margie & rays inc

$417,217

Margie & rays inc was initially approved for PPP Loan of amount $417,217, the current approved amount is $417,217. The loan was approved on 02/03/2021 by The TowneBank reported 42 jobs and $417,217 was used to fund payroll.

Margie & rays inc is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Margie & rays inc

MARGIE & RAYS INC

Date Approved

02/03/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

MARGIE & RAYS INC

Borrower Address

1240 Sandbridge Rd

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23456-4020

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

417217.00

Current Approval Amount

417217.00

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

Virginia Beach

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23456-4020

CD

VA-02

Jobs Reported

42

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

417213.00

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

Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

420357.72

Forgiveness Date

11/09/2021

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