Smi Employee Stock Ownership Plan

$2,139,577 PPP Loan in Evington, Virginia

Loan Details

Loan Number
1985737108
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$2,139,577
Current Approval
$2,139,577
Forgiveness Amount
$2,054,950
Forgiveness Date
Nov 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Smi Employee Stock Ownership Plan
Address
5120 Ward S Road
ZIP Code
24550
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Wholesale Trade (423110)
Franchise
Aaron's
Business Age
Existing or more than 2 years old
Jobs Reported
147
Estimated Revenue
$45.0M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$1,711,662
Utilities
$213,957
Mortgage Interest
$213,958

Lender Information

Servicing Lender
The Farmers Bank of Appomattox
Originating Lender
The Farmers Bank of Appomattox

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