PPP Loan information for Spotswood foods inc

$282,000

Spotswood foods inc was initially approved for PPP Loan of amount $282,000, the current approved amount is $282,000. The loan was approved on 04/07/2020 by The The Old Point National Bank of Phoebus reported 63 jobs and $282,000 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

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SPOTSWOOD FOODS INC

Borrower Address

806 SPOTSWOOD AVE

Borrower City

NORFOLK

Borrower State

VA

Borrower Zip

23517-1722

Loan Status Date

05/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

282000.00

Current Approval Amount

282000.00

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

63

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7100.00

Payroll Proceed

266000.00

Mortgage Interest Proceed

0.00

Rent Proceed

8900.00

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

285023.67

Forgiveness Date

05/13/2021

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