Belt Tech Inc.

$958,500 PPP Loan in Falls Mills, Virginia

Loan Details

Loan Number
7393997109
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$958,500
Current Approval
$958,500
Forgiveness Amount
$968,978
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Belt Tech Inc.
Address
162 Tabor Ave
ZIP Code
24613
Business Type
Corporation
Industry (NAICS)
Manufacturing (333922)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$10.5M
Rural/Urban
Rural
Congressional District
VA-09

Loan Use Breakdown

Payroll
$343,875
Utilities
$22,925
Mortgage Interest
$91,700
Refinance EIDL
$500,000

Lender Information

Servicing Lender
First Community Bank
Originating Lender
First Community Bank

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