PPP Loan information for Smi employee stock ownership plan & trust

$1,769,303

Smi employee stock ownership plan & trust was initially approved for PPP Loan of amount $1,769,303, the current approved amount is $1,769,303. The loan was approved on 01/31/2021 by The The Farmers Bank of Appomattox reported 155 jobs and $1,769,303 was used to fund payroll.

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

PPP Loan Search / VA / Evington / Smi employee stock ownership plan & trust

SMI EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Date Approved

01/31/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

SMI EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Borrower Address

5120 Wards Rd

Borrower City

Evington

Borrower State

VA

Borrower Zip

24550-2224

Loan Status Date

03/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1769303.00

Current Approval Amount

1769303.00

Undisbursed Amount

0.00

Franchise Name

Thomas Built Buses - Dealer Sales and Service Agreement

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

Y

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

24550-2224

CD

VA-05

Jobs Reported

155

NAICS Code

423110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1769301.00

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

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

1780161.19

Forgiveness Date

09/17/2021

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