PPP Loan information for Smi employee stock ownership plan

$2,139,577

Smi employee stock ownership plan was initially approved for PPP Loan of amount $2,139,577, the current approved amount is $2,139,577. The loan was approved on 04/10/2020 by The The Farmers Bank of Appomattox reported 147 jobs and $2,139,577 was used to fund payroll.

Smi employee stock ownership plan is Existing or more than 2 years old

PPP Loan Search / VA / EVINGTON / Smi employee stock ownership plan

SMI EMPLOYEE STOCK OWNERSHIP PLAN

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SMI EMPLOYEE STOCK OWNERSHIP PLAN

Borrower Address

5120 Ward s Road

Borrower City

EVINGTON

Borrower State

VA

Borrower Zip

24550

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2139577.00

Current Approval Amount

2139577.00

Undisbursed Amount

0.00

Franchise Name

Aaron's

Servicing Lender Location Id

73072

Servicing Lender Name

The Farmers Bank of Appomattox

Servicing Lender Address

223 Main St

Servicing Lender City

APPOMATTOX

Servicing Lender State

VA

Servicing Lender Zip

24522-4108

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EVINGTON

Project County Name

CAMPBELL

Project State

VA

Project Zip

24550-0001

CD

VA-05

Jobs Reported

147

NAICS Code

423110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

213957.00

Payroll Proceed

1711662.00

Mortgage Interest Proceed

213958.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

73072

Originating Lender

The Farmers Bank of Appomattox

Originating Lender City

APPOMATTOX

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2054949.60

Forgiveness Date

11/29/2021

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