PPP Loan information for Mid-atlantic coatings inc.

$573,000

Mid-atlantic coatings inc. was initially approved for PPP Loan of amount $573,000, the current approved amount is $573,000. The loan was approved on 04/03/2020 by The The Old Point National Bank of Phoebus reported 34 jobs and $573,000 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

04/03/2020

SBA Office Code

0304

Processing Method

PPP

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

05/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

573000.00

Current Approval Amount

573000.00

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

34

NAICS Code

336611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

573000.00

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

578077.42

Forgiveness Date

03/03/2021

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