The Drying Company, LLC

$517,900 PPP Loan in Toano, Virginia

Loan Details

Loan Number
5361947003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$517,900
Current Approval
$517,900
Forgiveness Amount
$520,892
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Drying Company, LLC
Address
236 Industrial Blvd
City
Toano
ZIP Code
23168-9232
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$16.4M
Rural/Urban
Urban
Congressional District
VA-01

Loan Use Breakdown

Payroll
$414,000
Rent
$23,140
Utilities
$2,209
Health Care
$78,551

Lender Information

Servicing Lender
Chesapeake Bank
Originating Lender
Chesapeake Bank

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