PPP Loan information for Priority motors newport news, inc.

$622,000

Priority motors newport news, inc. was initially approved for PPP Loan of amount $622,000, the current approved amount is $622,000. The loan was approved on 04/08/2020 by The TowneBank reported 62 jobs and $622,000 was used to fund payroll.

Priority motors newport news, inc. is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Priority motors newport news, inc.

PRIORITY MOTORS NEWPORT NEWS, INC.

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

PRIORITY MOTORS NEWPORT NEWS, INC.

Borrower Address

12920 Jefferson Ave.

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23608-1602

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

622000.00

Current Approval Amount

622000.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23608-1602

CD

VA-03

Jobs Reported

62

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

622000.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

627390.67

Forgiveness Date

02/23/2021

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