PPP Loan information for R & s race cars, inc.

$52,500

R & s race cars, inc. was initially approved for PPP Loan of amount $52,500, the current approved amount is $52,500. The loan was approved on 04/28/2020 by The First National Bank reported 5 jobs and $52,500 was used to fund payroll.

R & s race cars, inc. is New Business or 2 years or less

R & S RACE CARS, INC.

Date Approved

04/28/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

R & S RACE CARS, INC.

Borrower Address

1178 CLUSTER SPRINGS RD

Borrower City

SOUTH BOSTON

Borrower State

VA

Borrower Zip

24592

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52500.00

Current Approval Amount

52500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

SOUTH BOSTON

Project County Name

HALIFAX

Project State

VA

Project Zip

24592-0001

CD

VA-05

Jobs Reported

5

NAICS Code

336111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5500.00

Payroll Proceed

42000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

53132.92

Forgiveness Date

07/15/2021

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