PPP Loan information for Performance drives, inc

$217,000

Performance drives, inc was initially approved for PPP Loan of amount $217,000, the current approved amount is $217,000. The loan was approved on 04/14/2020 by The New Peoples Bank, Inc. reported 13 jobs and $217,000 was used to fund payroll.

Performance drives, inc is Existing or more than 2 years old

PERFORMANCE DRIVES, INC

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

PERFORMANCE DRIVES, INC

Borrower Address

1430 Front St PO Box 1682

Borrower City

RICHLANDS

Borrower State

VA

Borrower Zip

24641-1682

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

217000.00

Current Approval Amount

217000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123348

Servicing Lender Name

New Peoples Bank, Inc.

Servicing Lender Address

53 Commerce Dr

Servicing Lender City

HONAKER

Servicing Lender State

VA

Servicing Lender Zip

24260

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RICHLANDS

Project County Name

TAZEWELL

Project State

VA

Project Zip

24641-1682

CD

VA-09

Jobs Reported

13

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

217000.00

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

123348

Originating Lender

New Peoples Bank, Inc.

Originating Lender City

HONAKER

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

219700.44

Forgiveness Date

07/13/2021

;