PPP Loan information for Newmarket urban initiative, inc.

$43,561

Newmarket urban initiative, inc. was initially approved for PPP Loan of amount $42,831, the current approved amount is $43,561. The loan was approved on 04/27/2020 by The Southern Bank and Trust Company reported 13 jobs and $43,561 was used to fund payroll.

Newmarket urban initiative, inc. is Existing or more than 2 years old

PPP Loan Search / VA / SUFFOLK / Newmarket urban initiative, inc.

NEWMARKET URBAN INITIATIVE, INC.

Date Approved

04/27/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

NEWMARKET URBAN INITIATIVE, INC.

Borrower Address

4201 CROWDY BLVD

Borrower City

SUFFOLK

Borrower State

VA

Borrower Zip

23435-2548

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

42831.00

Current Approval Amount

43561.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUFFOLK

Project County Name

SUFFOLK CITY

Project State

VA

Project Zip

23435-2548

CD

VA-02

Jobs Reported

13

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

43561.00

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

Non-Profit Organization

Originating Lender Location Id

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

43851.41

Forgiveness Date

01/07/2021

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