PPP Loan information for The news gazette corporation

$94,400

The news gazette corporation was initially approved for PPP Loan of amount $94,400, the current approved amount is $94,400. The loan was approved on 04/05/2020 by The Cornerstone Bank reported 15 jobs and $94,400 was used to fund payroll.

The news gazette corporation is Existing or more than 2 years old

PPP Loan Search / VA / LEXINGTON / The news gazette corporation

THE NEWS GAZETTE CORPORATION

Date Approved

04/05/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

THE NEWS GAZETTE CORPORATION

Borrower Address

20 W. Nelson Street

Borrower City

LEXINGTON

Borrower State

VA

Borrower Zip

24450-2034

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

94400.00

Current Approval Amount

94400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

462675

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

54 S Main St

Servicing Lender City

LEXINGTON

Servicing Lender State

VA

Servicing Lender Zip

24450-2523

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LEXINGTON

Project County Name

LEXINGTON CITY

Project State

VA

Project Zip

24450-2034

CD

VA-06

Jobs Reported

15

NAICS Code

511110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

75520.00

Mortgage Interest Proceed

0.00

Rent Proceed

18880.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

462675

Originating Lender

Cornerstone Bank

Originating Lender City

LEXINGTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

94953.47

Forgiveness Date

11/12/2020

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