PPP Loan information for Sussex development corporation

$558,000

Sussex development corporation was initially approved for PPP Loan of amount $558,000, the current approved amount is $558,000. The loan was approved on 04/07/2020 by The TowneBank reported 30 jobs and $558,000 was used to fund payroll.

Sussex development corporation is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / Sussex development corporation

SUSSEX DEVELOPMENT CORPORATION

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

SUSSEX DEVELOPMENT CORPORATION

Borrower Address

109 South Lynnhaven Road Suite 200

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23452-7406

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

558000.00

Current Approval Amount

558000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

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

23452-7406

CD

VA-02

Jobs Reported

30

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

558000.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

561704.50

Forgiveness Date

12/10/2020

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