PPP Loan information for Mid-atlantic coatings inc.

$716,600

Mid-atlantic coatings inc. was initially approved for PPP Loan of amount $716,600, the current approved amount is $716,600. The loan was approved on 02/02/2021 by The The Old Point National Bank of Phoebus reported 33 jobs and $716,600 was used to fund payroll.

Mid-atlantic coatings inc. is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / Mid-atlantic coatings inc.

MID-ATLANTIC COATINGS INC.

Date Approved

02/02/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

MID-ATLANTIC COATINGS INC.

Borrower Address

3505 Business Center Dr

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23323-2636

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

716600.00

Current Approval Amount

716600.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Chesapeake

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-2636

CD

VA-03

Jobs Reported

33

NAICS Code

336611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

716600.00

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

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

719824.70

Forgiveness Date

07/26/2021

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