PPP Loan information for Petersburg motor company, inc

$4,900,700

Petersburg motor company, inc was initially approved for PPP Loan of amount $4,900,700, the current approved amount is $4,900,700. The loan was approved on 04/08/2020 by The Virginia National Bank reported 367 jobs and $4,900,700 was used to fund payroll.

Petersburg motor company, inc is Existing or more than 2 years old

PPP Loan Search / VA / CHARLOTTESVILLE / Petersburg motor company, inc

PETERSBURG MOTOR COMPANY, INC

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

PETERSBURG MOTOR COMPANY, INC

Borrower Address

100 MYERS DR

Borrower City

CHARLOTTESVILLE

Borrower State

VA

Borrower Zip

22901-1166

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4900700.00

Current Approval Amount

4900700.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

123036

Servicing Lender Name

Virginia National Bank

Servicing Lender Address

222 E Main St

Servicing Lender City

CHARLOTTESVILLE

Servicing Lender State

VA

Servicing Lender Zip

22902-5232

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTESVILLE

Project County Name

ALBEMARLE

Project State

VA

Project Zip

22901-1166

CD

VA-05

Jobs Reported

367

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4900700.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

123036

Originating Lender

Virginia National Bank

Originating Lender City

CHARLOTTESVILLE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4958283.22

Forgiveness Date

06/11/2021

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