PPP Loan information for Nelson ford inc.

$706,800

Nelson ford inc. was initially approved for PPP Loan of amount $706,800, the current approved amount is $706,800. The loan was approved on 04/10/2020 by The Truist Bank reported 96 jobs and $706,800 was used to fund payroll.

Nelson ford inc. is Existing or more than 2 years old

NELSON FORD INC.

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

NELSON FORD INC.

Borrower Address

201 Commonwealth Blvd

Borrower City

MARTINSVILLE

Borrower State

VA

Borrower Zip

24112-1820

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

706800.00

Current Approval Amount

706800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MARTINSVILLE

Project County Name

MARTINSVILLE CITY

Project State

VA

Project Zip

24112-1820

CD

VA-09

Jobs Reported

96

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

706800.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

713828.73

Forgiveness Date

04/15/2021

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