PPP Loan information for Red light management llc

$4,889,800

Red light management llc was initially approved for PPP Loan of amount $4,889,800, the current approved amount is $4,889,800. The loan was approved on 04/05/2020 by The Blue Ridge Bank, National Association reported 287 jobs and $4,889,800 was used to fund payroll.

Red light management llc is Existing or more than 2 years old

RED LIGHT MANAGEMENT LLC

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

RED LIGHT MANAGEMENT LLC

Borrower Address

455 Second Street SE Suite 500

Borrower City

CHARLOTTESVILLE

Borrower State

VA

Borrower Zip

22902-4625

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4889800.00

Current Approval Amount

4889800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124336

Servicing Lender Name

Blue Ridge Bank, National Association

Servicing Lender Address

1 E Market St Imperial Plaza

Servicing Lender City

MARTINSVILLE

Servicing Lender State

VA

Servicing Lender Zip

24112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTESVILLE

Project County Name

CHARLOTTESVILLE CITY

Project State

VA

Project Zip

22902-4625

CD

VA-05

Jobs Reported

287

NAICS Code

711130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

244490.00

Payroll Proceed

3911840.00

Mortgage Interest Proceed

733470.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4947526.81

Forgiveness Date

06/11/2021

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