Penelope INC

$432,500 PPP Loan in Appomattox, Virginia

Loan Details

Loan Number
5923077005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$432,500
Current Approval
$432,500
Forgiveness Amount
$435,435
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Penelope INC
Address
286 Industrial Park Lanee
ZIP Code
24522
Business Type
Corporation
Industry (NAICS)
Retail Trade (448120)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$20.9M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$346,000
Rent
$74,500
Utilities
$12,000

Lender Information

Servicing Lender
First National Bank
Originating Lender
First National Bank

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