PPP Loan information for Marion brothers logging inc

$164,400

Marion brothers logging inc was initially approved for PPP Loan of amount $164,400, the current approved amount is $164,400. The loan was approved on 04/13/2020 by The New Horizon Bank, National Association reported 15 jobs and $164,400 was used to fund payroll.

Marion brothers logging inc is Existing or more than 2 years old

PPP Loan Search / VA / CUMBERLAND / Marion brothers logging inc

MARION BROTHERS LOGGING INC

Date Approved

04/13/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MARION BROTHERS LOGGING INC

Borrower Address

656 Anderson Highway

Borrower City

CUMBERLAND

Borrower State

VA

Borrower Zip

23040-2126

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

164400.00

Current Approval Amount

164400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

470277

Servicing Lender Name

New Horizon Bank, National Association

Servicing Lender Address

1870 Stoneridge Commerce Dr

Servicing Lender City

POWHATAN

Servicing Lender State

VA

Servicing Lender Zip

23139-6640

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CUMBERLAND

Project County Name

CUMBERLAND

Project State

VA

Project Zip

23040-2126

CD

VA-05

Jobs Reported

15

NAICS Code

113310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

164400.00

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

Subchapter S Corporation

Originating Lender Location Id

470277

Originating Lender

New Horizon Bank, National Association

Originating Lender City

POWHATAN

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

165687.80

Forgiveness Date

02/01/2021

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