Abingdon Auto Auction, Inc.

$293,000 PPP Loan in Abingdon, Virginia

Loan Details

Loan Number
7905667207
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$293,000
Current Approval
$293,000
Forgiveness Amount
$296,709
Forgiveness Date
Aug 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Abingdon Auto Auction, Inc.
Address
13470 Mallicote Drive
ZIP Code
24210
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423110)
Business Age
Existing or more than 2 years old
Jobs Reported
71
Estimated Revenue
$21.8M
Rural/Urban
Rural
Congressional District
VA-09

Loan Use Breakdown

Payroll
$249,050
Utilities
$14,650
Mortgage Interest
$29,300

Lender Information

Servicing Lender
First Community Bank
Originating Lender
First Community Bank

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