PPP Loan information for Spotswood foods inc

$300,000

Spotswood foods inc was initially approved for PPP Loan of amount $300,000, the current approved amount is $300,000. The loan was approved on 02/02/2021 by The The Old Point National Bank of Phoebus reported 52 jobs and $300,000 was used to fund payroll.

Spotswood foods inc is Existing or more than 2 years old

PPP Loan Search / VA / Norfolk / Spotswood foods inc

SPOTSWOOD FOODS INC

Date Approved

02/02/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

SPOTSWOOD FOODS INC

Borrower Address

806 Spotswood Ave

Borrower City

Norfolk

Borrower State

VA

Borrower Zip

23517-1722

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

300000.00

Current Approval Amount

300000.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Norfolk

Project County Name

NORFOLK CITY

Project State

VA

Project Zip

23517-1722

CD

VA-03

Jobs Reported

52

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

300000.00

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

Subchapter S Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

301883.33

Forgiveness Date

10/04/2021

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