PPP Loan information for New bedford corporation

$497,400

New bedford corporation was initially approved for PPP Loan of amount $497,400, the current approved amount is $497,400. The loan was approved on 04/05/2020 by The Atlantic Union Bank reported 50 jobs and $497,400 was used to fund payroll.

New bedford corporation is Existing or more than 2 years old

NEW BEDFORD CORPORATION

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

NEW BEDFORD CORPORATION

Borrower Address

9568 KINGS CHARTER DR, SUITE 202

Borrower City

ASHLAND

Borrower State

VA

Borrower Zip

23005-0078

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

497400.00

Current Approval Amount

497400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ASHLAND

Project County Name

HANOVER

Project State

VA

Project Zip

23005-0078

CD

VA-01

Jobs Reported

50

NAICS Code

541219

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

497400.00

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

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

500508.75

Forgiveness Date

11/23/2020

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