PPP Loan information for First atlantic restoration

$865,200

First atlantic restoration was initially approved for PPP Loan of amount $865,200, the current approved amount is $865,200. The loan was approved on 04/09/2020 by The The Old Point National Bank of Phoebus reported 40 jobs and $865,200 was used to fund payroll.

First atlantic restoration is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / First atlantic restoration

FIRST ATLANTIC RESTORATION

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FIRST ATLANTIC RESTORATION

Borrower Address

414 S. PARLIAMENT DR

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23462-6306

Loan Status Date

05/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

865200.00

Current Approval Amount

865200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

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

23462-6306

CD

VA-02

Jobs Reported

40

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6400.00

Payroll Proceed

807400.00

Mortgage Interest Proceed

0.00

Rent Proceed

51400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

872818.57

Forgiveness Date

03/03/2021

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