PPP Loan information for Macados inc

$3,017,250

Macados inc was initially approved for PPP Loan of amount $3,017,260, the current approved amount is $3,017,250. The loan was approved on 04/13/2020 by The Atlantic Union Bank reported 500 jobs and $3,017,250 was used to fund payroll.

Macados inc is New Business or 2 years or less

PPP Loan Search / VA / ROANOKE / Macados inc

MACADOS INC

Date Approved

04/13/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MACADOS INC

Borrower Address

120 CHURCH AVE SW STE B

Borrower City

ROANOKE

Borrower State

VA

Borrower Zip

24008

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3017260.00

Current Approval Amount

3017250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ROANOKE

Project County Name

ROANOKE CITY

Project State

VA

Project Zip

24008-1601

CD

VA-06

Jobs Reported

500

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3017250.00

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

Subchapter S Corporation

Originating Lender Location Id

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3051696.94

Forgiveness Date

06/09/2021

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