PPP Loan information for Sowers machinery co., inc.

$111,300

Sowers machinery co., inc. was initially approved for PPP Loan of amount $111,300, the current approved amount is $111,300. The loan was approved on 05/14/2020 by The The National Bank of Blacksburg reported 12 jobs and $111,300 was used to fund payroll.

Sowers machinery co., inc. is Existing or more than 2 years old

PPP Loan Search / VA / CHRISTIANSBURG / Sowers machinery co., inc.

SOWERS MACHINERY CO., INC.

Date Approved

05/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SOWERS MACHINERY CO., INC.

Borrower Address

2700 ROANOKE ST

Borrower City

CHRISTIANSBURG

Borrower State

VA

Borrower Zip

24073-2608

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

111300.00

Current Approval Amount

111300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73099

Servicing Lender Name

The National Bank of Blacksburg

Servicing Lender Address

100 S Main St

Servicing Lender City

BLACKSBURG

Servicing Lender State

VA

Servicing Lender Zip

24060-4859

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHRISTIANSBURG

Project County Name

MONTGOMERY

Project State

VA

Project Zip

24073-2608

CD

VA-09

Jobs Reported

12

NAICS Code

444210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

27825.00

Payroll Proceed

83475.00

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

73099

Originating Lender

The National Bank of Blacksburg

Originating Lender City

BLACKSBURG

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

111955.60

Forgiveness Date

12/22/2020

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