PPP Loan information for Whelan automotive

$683,200

Whelan automotive was initially approved for PPP Loan of amount $683,200, the current approved amount is $683,200. The loan was approved on 01/31/2021 by The TowneBank reported 64 jobs and $683,200 was used to fund payroll.

Whelan automotive is Existing or more than 2 years old

PPP Loan Search / VA / Newport News / Whelan automotive

WHELAN AUTOMOTIVE

Date Approved

01/31/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

WHELAN AUTOMOTIVE

Borrower Address

479 Denbigh Blvd

Borrower City

Newport News

Borrower State

VA

Borrower Zip

23608-3800

Loan Status Date

07/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

683200.00

Current Approval Amount

683200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newport News

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23608-3800

CD

VA-03

Jobs Reported

64

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

683198.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

685686.09

Forgiveness Date

06/23/2021

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