PPP Loan information for Mcdonough inc

$716,000

Mcdonough inc was initially approved for PPP Loan of amount $716,000, the current approved amount is $716,000. The loan was approved on 04/04/2020 by The Farmers & Merchants Bank reported 54 jobs and $716,000 was used to fund payroll.

Mcdonough inc is Existing or more than 2 years old

PPP Loan Search / VA / STAUNTON / Mcdonough inc

MCDONOUGH INC

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MCDONOUGH INC

Borrower Address

918 Richmond Ave

Borrower City

STAUNTON

Borrower State

VA

Borrower Zip

24401-4903

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

716000.00

Current Approval Amount

716000.00

Undisbursed Amount

0.00

Franchise Name

Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement

Servicing Lender Location Id

73976

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

165 New Market Rd

Servicing Lender City

TIMBERVILLE

Servicing Lender State

VA

Servicing Lender Zip

22853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STAUNTON

Project County Name

STAUNTON CITY

Project State

VA

Project Zip

24401-4903

CD

VA-06

Jobs Reported

54

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

716000.00

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

73976

Originating Lender

Farmers & Merchants Bank

Originating Lender City

TIMBERVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

720813.11

Forgiveness Date

12/09/2020

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