PPP Loan information for Newton bus service inc

$328,300

Newton bus service inc was initially approved for PPP Loan of amount $328,300, the current approved amount is $328,300. The loan was approved on 04/05/2020 by The Chesapeake Bank reported 73 jobs and $328,300 was used to fund payroll.

Newton bus service inc is Existing or more than 2 years old

PPP Loan Search / VA / GLOUCESTER / Newton bus service inc

NEWTON BUS SERVICE INC

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

NEWTON BUS SERVICE INC

Borrower Address

3838 BELROI RD

Borrower City

GLOUCESTER

Borrower State

VA

Borrower Zip

23061-3827

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

328300.00

Current Approval Amount

328300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73496

Servicing Lender Name

Chesapeake Bank

Servicing Lender Address

97 N Main St

Servicing Lender City

KILMARNOCK

Servicing Lender State

VA

Servicing Lender Zip

22482-8501

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLOUCESTER

Project County Name

GLOUCESTER

Project State

VA

Project Zip

23061-3827

CD

VA-01

Jobs Reported

73

NAICS Code

485510

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3000.00

Payroll Proceed

311750.00

Mortgage Interest Proceed

6500.00

Rent Proceed

7050.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73496

Originating Lender

Chesapeake Bank

Originating Lender City

KILMARNOCK

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

330725.77

Forgiveness Date

12/31/2020

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