Date Approved
04/07/2020
SBA Office Code
0304
Processing Method
PPP
Borrower Name
MCGOWAN GROUP, INC.
Borrower Address
5474 Nansemond Parkway
Borrower City
SUFFOLK
Borrower State
VA
Borrower Zip
23435-2115
Loan Status Date
02/20/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
621500.00
Current Approval Amount
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
Servicing Lender Zip
23703-4502
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SUFFOLK CITY
Project State
Project Zip
CD
VA-02
Jobs Reported
42
NAICS Code
237310
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
625401.64
Forgiveness Date
11/27/2020