PPP Loan information for Virginia equipment rental, inc

$242,000

Virginia equipment rental, inc was initially approved for PPP Loan of amount $242,000, the current approved amount is $242,000. The loan was approved on 04/10/2020 by The TowneBank reported 17 jobs and $242,000 was used to fund payroll.

Virginia equipment rental, inc is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Virginia equipment rental, inc

VIRGINIA EQUIPMENT RENTAL, INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

VIRGINIA EQUIPMENT RENTAL, INC

Borrower Address

551 Freeman Ave

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23324-1067

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

242000.00

Current Approval Amount

242000.00

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

Y

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

23324-1067

CD

VA-03

Jobs Reported

17

NAICS Code

532411

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

242000.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

244043.56

Forgiveness Date

02/19/2021

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