Dynamic Towing Equipment & Manufacturing Inc.

$385,100 PPP Loan in Norfolk, Virginia

Loan Details

Loan Number
5093707004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$385,100
Current Approval
$385,100
Forgiveness Amount
$388,801
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Dynamic Towing Equipment & Manufacturing Inc.
Address
1120 E. Brambleton Ave
ZIP Code
23504-3415
Business Type
Subchapter S Corporation
Industry (NAICS)
Transportation and Warehousing (488410)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
VA-03

Loan Use Breakdown

Payroll
$354,000
Rent
$30,000
Utilities
$1,100

Lender Information

Servicing Lender
The Old Point National Bank of Phoebus
Originating Lender
The Old Point National Bank of Phoebus

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