PPP Loan information for Vmi foundation

$830,253

Vmi foundation was initially approved for PPP Loan of amount $677,500, the current approved amount is $830,253. The loan was approved on 04/06/2020 by The Cornerstone Bank reported 43 jobs and $830,253 was used to fund payroll.

Vmi foundation is Existing or more than 2 years old

PPP Loan Search / VA / LEXINGTON / Vmi foundation

VMI FOUNDATION

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

VMI FOUNDATION

Borrower Address

304 Letcher Ave.

Borrower City

LEXINGTON

Borrower State

VA

Borrower Zip

24450-2110

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

677500.00

Current Approval Amount

830252.50

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

24450-2110

CD

VA-06

Jobs Reported

43

NAICS Code

611710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

51890.28

Payroll Proceed

622689.38

Mortgage Interest Proceed

51890.28

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

51891.28

Debt Interest Proceed

51891.28

Business Type

Corporation

Originating Lender Location Id

462675

Originating Lender

Cornerstone Bank

Originating Lender City

LEXINGTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

834847.32

Forgiveness Date

11/03/2020

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