PPP Loan information for Zimmerman marine inc

$702,000

Zimmerman marine inc was initially approved for PPP Loan of amount $702,000, the current approved amount is $702,000. The loan was approved on 04/10/2020 by The Chesapeake Bank reported 66 jobs and $702,000 was used to fund payroll.

Zimmerman marine inc is Existing or more than 2 years old

PPP Loan Search / VA / CARDINAL / Zimmerman marine inc

ZIMMERMAN MARINE INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ZIMMERMAN MARINE INC

Borrower Address

59 HERON POINT RD

Borrower City

CARDINAL

Borrower State

VA

Borrower Zip

23025-2022

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

702000.00

Current Approval Amount

702000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73496

Servicing Lender Name

Chesapeake Bank

Servicing Lender Address

97 N Main St

Servicing Lender City

KILMARNOCK

Servicing Lender State

VA

Servicing Lender Zip

22482-8501

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CARDINAL

Project County Name

MATHEWS

Project State

VA

Project Zip

23025-2022

CD

VA-01

Jobs Reported

66

NAICS Code

336612

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

11000.00

Payroll Proceed

554000.00

Mortgage Interest Proceed

11000.00

Rent Proceed

82000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

44000

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

73496

Originating Lender

Chesapeake Bank

Originating Lender City

KILMARNOCK

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

707031.00

Forgiveness Date

12/31/2020

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