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Design Masters Associates, INC

$294,700 PPP Loan in Toano, Virginia

Loan Details

Loan Number
4787097000
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$294,700
Current Approval
$294,700
Forgiveness Amount
$297,663
Forgiveness Date
Apr 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Design Masters Associates, INC
Address
3005 John Deere Rd
City
Toano
State
Virginia
ZIP Code
23168-9332
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423990)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
VA-01

Loan Use Breakdown

Payroll
$237,200
Rent
$47,500
Utilities
$10,000

Lender Information

Servicing Lender
Chesapeake Bank
Originating Lender
Chesapeake Bank

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