R. A. Simmons Well Drilling Co., Inc.

$130,600 PPP Loan in Buchanan, Virginia

Loan Details

Loan Number
1980147207
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$130,600
Current Approval
$130,600
Forgiveness Amount
$132,116
Forgiveness Date
Jun 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
R. A. Simmons Well Drilling Co., Inc.
Address
60 Drill Rig Dr.
ZIP Code
24066
Business Type
Corporation
Industry (NAICS)
Construction (237110)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
VA-06

Loan Use Breakdown

Payroll
$97,950
Rent
$26,120
Utilities
$6,530

Lender Information

Servicing Lender
Bank of Botetourt
Originating Lender
Bank of Botetourt

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