PPP Loan information for Redco machine inc

$381,400

Redco machine inc was initially approved for PPP Loan of amount $381,400, the current approved amount is $381,400. The loan was approved on 04/10/2020 by The Bank of the James reported 27 jobs and $381,400 was used to fund payroll.

Redco machine inc is Existing or more than 2 years old

PPP Loan Search / VA / BEDFORD / Redco machine inc

REDCO MACHINE INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

REDCO MACHINE INC

Borrower Address

3032 FOREST ROAD

Borrower City

BEDFORD

Borrower State

VA

Borrower Zip

24523

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

381400.00

Current Approval Amount

381400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124096

Servicing Lender Name

Bank of the James

Servicing Lender Address

828 Main St

Servicing Lender City

LYNCHBURG

Servicing Lender State

VA

Servicing Lender Zip

24504-1500

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEDFORD

Project County Name

BEDFORD

Project State

VA

Project Zip

24523-0001

CD

VA-09

Jobs Reported

27

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

381400.00

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

Corporation

Originating Lender Location Id

124096

Originating Lender

Bank of the James

Originating Lender City

LYNCHBURG

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

385796.69

Forgiveness Date

06/04/2021

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