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Chips, Inc.

$1,033,900 PPP Loan in Troy, Virginia

Loan Details

Loan Number
7314127000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,033,900
Current Approval
$1,033,900
Forgiveness Amount
$1,040,304
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Chips, Inc.
Address
26 Zion Park Rd
City
Troy
State
Virginia
ZIP Code
22974-2807
Business Type
Sole Proprietorship
Industry (NAICS)
Manufacturing (321113)
Business Age
Existing or more than 2 years old
Jobs Reported
77
Estimated Revenue
$76.4M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$775,471
Utilities
$155,094
Health Care
$103,335

Lender Information

Servicing Lender
Blue Ridge Bank, National Association
Originating Lender
Blue Ridge Bank, National Association

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