PPP Loan information for Southern virginia university

$2,398,400

Southern virginia university was initially approved for PPP Loan of amount $2,398,400, the current approved amount is $2,398,400. The loan was approved on 04/08/2020 by The The Old Point National Bank of Phoebus reported 375 jobs and $2,398,400 was used to fund payroll.

Southern virginia university is Existing or more than 2 years old

PPP Loan Search / VA / BUENA VISTA / Southern virginia university

SOUTHERN VIRGINIA UNIVERSITY

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SOUTHERN VIRGINIA UNIVERSITY

Borrower Address

1 UNIVERSITY HILL DR

Borrower City

BUENA VISTA

Borrower State

VA

Borrower Zip

24416-3038

Loan Status Date

07/03/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2398400.00

Current Approval Amount

2398400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BUENA VISTA

Project County Name

BUENA VISTA CITY

Project State

VA

Project Zip

24416-3038

CD

VA-06

Jobs Reported

375

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

125300.00

Payroll Proceed

2204700.00

Mortgage Interest Proceed

68400.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2425848.36

Forgiveness Date

06/09/2021

;