Newton Bus Service INC

$328,300 PPP Loan in Gloucester, Virginia

Loan Details

Loan Number
5220887005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$328,300
Current Approval
$328,300
Forgiveness Amount
$330,726
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Newton Bus Service INC
Address
3838 Belroi Rd
ZIP Code
23061-3827
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (485510)
Business Age
Existing or more than 2 years old
Jobs Reported
73
Estimated Revenue
$28.1M
Rural/Urban
Rural
Congressional District
VA-01

Loan Use Breakdown

Payroll
$311,750
Rent
$7,050
Utilities
$3,000
Mortgage Interest
$6,500

Lender Information

Servicing Lender
Chesapeake Bank
Originating Lender
Chesapeake Bank

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