PPP Loan information for Newmarket urban initiative inc.

$43,561

Newmarket urban initiative inc. was initially approved for PPP Loan of amount $43,561, the current approved amount is $43,561. The loan was approved on 02/10/2021 by The Southern Bank and Trust Company reported 8 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

02/10/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

NEWMARKET URBAN INITIATIVE INC.

Borrower Address

4201 Crowdy Blvd

Borrower City

Suffolk

Borrower State

VA

Borrower Zip

23435-2548

Loan Status Date

03/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

43561.00

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

8

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

43558.00

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

43992.98

Forgiveness Date

02/14/2022

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