PPP Loan information for Checkered flag store #5, llc

$1,201,900

Checkered flag store #5, llc was initially approved for PPP Loan of amount $1,408,300, the current approved amount is $1,201,900. The loan was approved on 04/09/2020 by The TowneBank reported 98 jobs and $1,201,900 was used to fund payroll.

Checkered flag store #5, llc is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / Checkered flag store #5, llc

CHECKERED FLAG STORE #5, LLC

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CHECKERED FLAG STORE #5, LLC

Borrower Address

5225 Virginia Beach Blvd

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23462-1825

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1408300.00

Current Approval Amount

1201900.00

Undisbursed Amount

0.00

Franchise Name

BMW of North America, LLC - Center Agreement

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

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23462-1825

CD

VA-02

Jobs Reported

98

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1201900.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1210179.76

Forgiveness Date

12/22/2020

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