PPP Loan information for Mid-atlantic business communications, inc.

$394,700

Mid-atlantic business communications, inc. was initially approved for PPP Loan of amount $394,700, the current approved amount is $394,700. The loan was approved on 04/10/2020 by The TowneBank reported 30 jobs and $394,700 was used to fund payroll.

Mid-atlantic business communications, inc. is Existing or more than 2 years old

PPP Loan Search / VA / PORTSMOUTH / Mid-atlantic business communications, inc.

MID-ATLANTIC BUSINESS COMMUNICATIONS, INC.

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MID-ATLANTIC BUSINESS COMMUNICATIONS, INC.

Borrower Address

701 PortCentre Parkway

Borrower City

PORTSMOUTH

Borrower State

VA

Borrower Zip

23704

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

394700.00

Current Approval Amount

394700.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

PORTSMOUTH

Project County Name

PORTSMOUTH CITY

Project State

VA

Project Zip

23704-0001

CD

VA-03

Jobs Reported

30

NAICS Code

423690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

394700.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

397101.09

Forgiveness Date

11/27/2020

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