PPP Loan information for Powerride motorsports inc

$1,277,290

Powerride motorsports inc was initially approved for PPP Loan of amount $1,277,300, the current approved amount is $1,277,290. The loan was approved on 04/09/2020 by The Truist Bank reported 135 jobs and $1,277,290 was used to fund payroll.

Powerride motorsports inc is Existing or more than 2 years old

PPP Loan Search / VA / FALLS CHURCH / Powerride motorsports inc

POWERRIDE MOTORSPORTS INC

Date Approved

04/09/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

POWERRIDE MOTORSPORTS INC

Borrower Address

435 S WASHINGTON ST

Borrower City

FALLS CHURCH

Borrower State

VA

Borrower Zip

22046-4409

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1277300.00

Current Approval Amount

1277290.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FALLS CHURCH

Project County Name

FALLS CHURCH CITY

Project State

VA

Project Zip

22046-4409

CD

VA-08

Jobs Reported

135

NAICS Code

451110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1277290.00

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1285450.46

Forgiveness Date

12/03/2020

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