PPP Loan information for Whelan automotive inc

$605,900

Whelan automotive inc was initially approved for PPP Loan of amount $605,900, the current approved amount is $605,900. The loan was approved on 04/10/2020 by The TowneBank reported 26 jobs and $605,900 was used to fund payroll.

Whelan automotive inc is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Whelan automotive inc

WHELAN AUTOMOTIVE INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

WHELAN AUTOMOTIVE INC

Borrower Address

479 Denbigh Blvd

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23608-3800

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

605900.00

Current Approval Amount

605900.00

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

26

NAICS Code

811490

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

605900.00

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

610915.51

Forgiveness Date

02/16/2021

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