Powell's Truck & Equipment

$478,789 PPP Loan in Lynchburg, Virginia

Loan Details

Loan Number
5829947010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$478,789
Current Approval
$478,789
Forgiveness Amount
$481,901
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Powell's Truck & Equipment
Address
13260 Wards Road
ZIP Code
24501-7130
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
VA-05

Loan Use Breakdown

Payroll
$383,030
Utilities
$50,759
Health Care
$45,000

Lender Information

Servicing Lender
First National Bank
Originating Lender
First National Bank

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