PPP Loan information for D. t. read steel co inc

$720,600

D. t. read steel co inc was initially approved for PPP Loan of amount $720,600, the current approved amount is $720,600. The loan was approved on 04/10/2020 by The TowneBank reported 95 jobs and $720,600 was used to fund payroll.

D. t. read steel co inc is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / D. t. read steel co inc

D. T. READ STEEL CO INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

D. T. READ STEEL CO INC

Borrower Address

1751 West Road

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23323-6430

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

720600.00

Current Approval Amount

720600.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-6430

CD

VA-02

Jobs Reported

95

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

720600.00

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

725944.45

Forgiveness Date

01/11/2021

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