PPP Loan information for The gerard group inc

$562,600

The gerard group inc was initially approved for PPP Loan of amount $598,000, the current approved amount is $562,600. The loan was approved on 04/06/2020 by The TowneBank reported 133 jobs and $562,600 was used to fund payroll.

The gerard group inc is New Business or 2 years or less

PPP Loan Search / VA / WAKEFIELD / The gerard group inc

THE GERARD GROUP INC

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

THE GERARD GROUP INC

Borrower Address

322 West Main Street

Borrower City

WAKEFIELD

Borrower State

VA

Borrower Zip

23888-2940

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

598000.00

Current Approval Amount

562600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

WAKEFIELD

Project County Name

SUSSEX

Project State

VA

Project Zip

23888-2940

CD

VA-04

Jobs Reported

133

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

562600.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

565573.20

Forgiveness Date

11/17/2020

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