PPP Loan information for Virginia abrasives corporation

$811,000

Virginia abrasives corporation was initially approved for PPP Loan of amount $811,000, the current approved amount is $811,000. The loan was approved on 04/15/2020 by The Cadence Bank reported 44 jobs and $811,000 was used to fund payroll.

Virginia abrasives corporation is New Business or 2 years or less

PPP Loan Search / VA / PETERSBURG / Virginia abrasives corporation

VIRGINIA ABRASIVES CORPORATION

Date Approved

04/15/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

VIRGINIA ABRASIVES CORPORATION

Borrower Address

2851 SERVICE RD

Borrower City

PETERSBURG

Borrower State

VA

Borrower Zip

23805-9347

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

811000.00

Current Approval Amount

811000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

PETERSBURG

Project County Name

PETERSBURG CITY

Project State

VA

Project Zip

23805-9347

CD

VA-04

Jobs Reported

44

NAICS Code

333243

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

811000.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

817645.69

Forgiveness Date

02/23/2021

;