PPP Loan information for Mid-atlantic drilling inc

$178,000

Mid-atlantic drilling inc was initially approved for PPP Loan of amount $178,000, the current approved amount is $178,000. The loan was approved on 04/27/2020 by The Blue Ridge Bank, National Association reported 14 jobs and $178,000 was used to fund payroll.

Mid-atlantic drilling inc is Existing or more than 2 years old

PPP Loan Search / NC / Wilmington / Mid-atlantic drilling inc

MID-ATLANTIC DRILLING INC

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

MID-ATLANTIC DRILLING INC

Borrower Address

426 Landmark Drive

Borrower City

Wilmington

Borrower State

NC

Borrower Zip

28412

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

178000.00

Current Approval Amount

178000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124336

Servicing Lender Name

Blue Ridge Bank, National Association

Servicing Lender Address

1 E Market St Imperial Plaza

Servicing Lender City

MARTINSVILLE

Servicing Lender State

VA

Servicing Lender Zip

24112

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

NEW HANOVER

Project State

NC

Project Zip

28412-0001

CD

NC-07

Jobs Reported

14

NAICS Code

238910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7500.00

Payroll Proceed

133500.00

Mortgage Interest Proceed

2000.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

5000

Business Type

Subchapter S Corporation

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

179883.83

Forgiveness Date

05/19/2021

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