Petersburg Motor Company, INC

$4,900,700 PPP Loan in Charlottesville, Virginia

Loan Details

Loan Number
8127287001
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$4,900,700
Current Approval
$4,900,700
Forgiveness Amount
$4,958,283
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Petersburg Motor Company, INC
Address
100 Myers Dr
ZIP Code
22901-1166
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
367
Estimated Revenue
$92.5M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$4,900,700

Lender Information

Servicing Lender
Virginia National Bank
Originating Lender
Virginia National Bank

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