PPP Loan information for Welsh construction incorporated

$224,500

Welsh construction incorporated was initially approved for PPP Loan of amount $224,500, the current approved amount is $224,500. The loan was approved on 04/06/2020 by The Cornerstone Bank reported 22 jobs and $224,500 was used to fund payroll.

Welsh construction incorporated is Existing or more than 2 years old

PPP Loan Search / VA / LEXINGTON / Welsh construction incorporated

WELSH CONSTRUCTION INCORPORATED

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

WELSH CONSTRUCTION INCORPORATED

Borrower Address

15 N. RANDOLPH ST

Borrower City

LEXINGTON

Borrower State

VA

Borrower Zip

24450-2507

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

224500.00

Current Approval Amount

224500.00

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

24450-2507

CD

VA-06

Jobs Reported

22

NAICS Code

236115

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3000.00

Payroll Proceed

214000.00

Mortgage Interest Proceed

0.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

225705.53

Forgiveness Date

11/03/2020

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