PPP Loan information for Route 58 raceway inc

$22,624

Route 58 raceway inc was initially approved for PPP Loan of amount $22,624, the current approved amount is $22,624. The loan was approved on 04/14/2020 by The First National Bank reported 8 jobs and $22,624 was used to fund payroll.

Route 58 raceway inc is Existing or more than 2 years old

PPP Loan Search / VA / DANVILLE / Route 58 raceway inc

ROUTE 58 RACEWAY INC

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ROUTE 58 RACEWAY INC

Borrower Address

2203 S BOSTON RD

Borrower City

DANVILLE

Borrower State

VA

Borrower Zip

24540-5532

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

22624.00

Current Approval Amount

22624.00

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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DANVILLE

Project County Name

DANVILLE CITY

Project State

VA

Project Zip

24540-5532

CD

VA-05

Jobs Reported

8

NAICS Code

447110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2025.00

Payroll Proceed

18099.00

Mortgage Interest Proceed

0.00

Rent Proceed

2500.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

22855.90

Forgiveness Date

05/03/2021

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