PPP Loan information for TECNICO CORPORATION
$10,000,000

TECNICO CORPORATION was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000.
The loan was approved on 04/10/2020 by Truist Bank d/b/a Branch Banking & Trust Co, NC. TECNICO CORPORATION reported 500 jobs and $10,000,000 was used to fund payroll.

TECNICO CORPORATION is Corporation business based in 831 INDUSTRIAL AVE, CHESAPEAKE, VA 23324-2614

Loans associated with TECNICO CORPORATION
Items Values
LoanNumber 2392497107
DateApproved 04/10/2020
SBAOfficeCode 0304
ProcessingMethod PPP
BorrowerName TECNICO CORPORATION
BorrowerAddress 831 INDUSTRIAL AVE
BorrowerCity CHESAPEAKE
BorrowerState VA
BorrowerZip 23324-2614
LoanStatusDate
LoanStatus Exemption 4
Term 24
SBAGuarantyPercentage 100
InitialApprovalAmount $10,000,000
CurrentApprovalAmount $10,000,000
UndisbursedAmount 0
FranchiseName
ServicingLenderLocationID 225134
ServicingLenderName Truist Bank d/b/a Branch Banking & Trust Co
ServicingLenderAddress 214 N Tryon St
ServicingLenderCity CHARLOTTE
ServicingLenderState NC
ServicingLenderZip 28202-1078
RuralUrbanIndicator U
HubzoneIndicator Y
LMIIndicator Y
BusinessAgeDescription Existing or more than 2 years old
ProjectCity CHESAPEAKE
ProjectCountyName CHESAPEAKE CITY
ProjectState VA
ProjectZip 23324-2614
CD VA-03
JobsReported 500
NAICSCode 336611
Race Unanswered
Ethnicity Unknown/NotStated
UTILITIES_PROCEED
PAYROLL_PROCEED 10000000
MORTGAGE_INTEREST_PROCEED
RENT_PROCEED
REFINANCE_EIDL_PROCEED
HEALTH_CARE_PROCEED
DEBT_INTEREST_PROCEED
BusinessType Corporation
OriginatingLenderLocationID 225134
OriginatingLender Truist Bank d/b/a Branch Banking & Trust Co
OriginatingLenderCity CHARLOTTE
OriginatingLenderState NC
Gender Unanswered
Veteran Unanswered
NonProfit