PPP Loan information for Watson's petroleum equipment

$388,400

Watson's petroleum equipment was initially approved for PPP Loan of amount $388,400, the current approved amount is $388,400. The loan was approved on 04/16/2020 by The The Old Point National Bank of Phoebus reported 38 jobs and $388,400 was used to fund payroll.

Watson's petroleum equipment is Existing or more than 2 years old

PPP Loan Search / VA / HAMPTON / Watson's petroleum equipment

WATSON'S PETROLEUM EQUIPMENT

Date Approved

04/16/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

WATSON'S PETROLEUM EQUIPMENT

Borrower Address

2605 BUILD AMERICA DR

Borrower City

HAMPTON

Borrower State

VA

Borrower Zip

23666-3224

Loan Status Date

05/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

388400.00

Current Approval Amount

388400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73444

Servicing Lender Name

The Old Point National Bank of Phoebus

Servicing Lender Address

1 W Mellen St

Servicing Lender City

HAMPTON

Servicing Lender State

VA

Servicing Lender Zip

23663-2305

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HAMPTON

Project County Name

HAMPTON CITY

Project State

VA

Project Zip

23666-3224

CD

VA-03

Jobs Reported

38

NAICS Code

486910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9106.00

Payroll Proceed

348000.00

Mortgage Interest Proceed

0.00

Rent Proceed

31294.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73444

Originating Lender

The Old Point National Bank of Phoebus

Originating Lender City

HAMPTON

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

391960.33

Forgiveness Date

03/31/2021

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