PPP Loan information for Village motors inc.

$707,300

Village motors inc. was initially approved for PPP Loan of amount $707,300, the current approved amount is $707,300. The loan was approved on 04/04/2020 by The Select Bank reported 52 jobs and $707,300 was used to fund payroll.

Village motors inc. is New Business or 2 years or less

PPP Loan Search / VA / LYNCHBURG / Village motors inc.

VILLAGE MOTORS INC.

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

VILLAGE MOTORS INC.

Borrower Address

2634 Lakeside Dr.

Borrower City

LYNCHBURG

Borrower State

VA

Borrower Zip

24501-6921

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

707300.00

Current Approval Amount

707300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

LYNCHBURG

Project County Name

LYNCHBURG CITY

Project State

VA

Project Zip

24501-6921

CD

VA-05

Jobs Reported

52

NAICS Code

532112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

707300.00

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

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

711233.75

Forgiveness Date

11/05/2020

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