PPP Loan information for Service machine and welding co., inc.

$713,150

Service machine and welding co., inc. was initially approved for PPP Loan of amount $713,150, the current approved amount is $713,150. The loan was approved on 04/12/2020 by The Atlantic Union Bank reported 48 jobs and $713,150 was used to fund payroll.

Service machine and welding co., inc. is New Business or 2 years or less

PPP Loan Search / VA / Ashland / Service machine and welding co., inc.

SERVICE MACHINE AND WELDING CO., INC.

Date Approved

04/12/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SERVICE MACHINE AND WELDING CO., INC.

Borrower Address

12421 Maple Street, P. O. Box 2083

Borrower City

Ashland

Borrower State

VA

Borrower Zip

23005

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

713150.00

Current Approval Amount

713150.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Ashland

Project County Name

HANOVER

Project State

VA

Project Zip

23005-0001

CD

VA-05

Jobs Reported

48

NAICS Code

331221

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

713150.00

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

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

717389.28

Forgiveness Date

11/23/2020

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