PPP Loan information for Backwater inc

$199,426

Backwater inc was initially approved for PPP Loan of amount $199,426, the current approved amount is $199,426. The loan was approved on 01/20/2021 by The Virginia National Bank reported 45 jobs and $199,426 was used to fund payroll.

Backwater inc is Existing or more than 2 years old

PPP Loan Search / VA / Charlottesville / Backwater inc

BACKWATER INC

Date Approved

01/20/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

BACKWATER INC

Borrower Address

633 W Main St

Borrower City

Charlottesville

Borrower State

VA

Borrower Zip

22903-5543

Loan Status Date

05/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

199426.22

Current Approval Amount

199426.22

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123036

Servicing Lender Name

Virginia National Bank

Servicing Lender Address

222 E Main St

Servicing Lender City

CHARLOTTESVILLE

Servicing Lender State

VA

Servicing Lender Zip

22902-5232

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Charlottesville

Project County Name

CHARLOTTESVILLE CITY

Project State

VA

Project Zip

22903-5543

CD

VA-05

Jobs Reported

45

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

199420.22

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

123036

Originating Lender

Virginia National Bank

Originating Lender City

CHARLOTTESVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

201896.89

Forgiveness Date

04/13/2022

;