Suttle Motor Corporation
$1,540,000 PPP Loan in Newport News, Virginia
Loan Details
- Loan Number
- 5934617203
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,540,000
- Current Approval
- $1,540,000
- Forgiveness Amount
- $1,549,411
- Forgiveness Date
- Dec 15, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Suttle Motor Corporation
- Address
- 12525 Jefferson Ave
- City
- Newport News
- State
- Virginia
- ZIP Code
- 23602-4313
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 137
- Estimated Revenue
- $34.5M
- Rural/Urban
- Urban
- Congressional District
- VA-03
Loan Use Breakdown
- Payroll
- $1,360,000
- Rent
- $120,000
- Utilities
- $39,000
- Mortgage Interest
- $21,000
Lender Information
- Servicing Lender
- The Old Point National Bank of Phoebus
- Originating Lender
- The Old Point National Bank of Phoebus
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