Zimmerman Marine INC

$702,000 PPP Loan in Cardinal, Virginia

Loan Details

Loan Number
1330747110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$702,000
Current Approval
$702,000
Forgiveness Amount
$707,031
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Zimmerman Marine INC
Address
59 Heron Point Rd
ZIP Code
23025-2022
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Manufacturing (336612)
Business Age
Existing or more than 2 years old
Jobs Reported
66
Estimated Revenue
$17.3M
Rural/Urban
Rural
Congressional District
VA-01

Loan Use Breakdown

Payroll
$554,000
Rent
$82,000
Utilities
$11,000
Mortgage Interest
$11,000
Debt Interest
$44,000

Lender Information

Servicing Lender
Chesapeake Bank
Originating Lender
Chesapeake Bank

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