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Boone & Beckner Implement, INC

$679,700 PPP Loan in Bedford, Virginia

Loan Details

Loan Number
8371817007
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$679,700
Current Approval
$679,700
Forgiveness Amount
$683,486
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Boone & Beckner Implement, INC
Address
1111 E. Main St.
City
Bedford
State
Virginia
ZIP Code
24523-2909
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423820)
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
$543,811
Rent
$56,453
Utilities
$14,436
Health Care
$30,000
Debt Interest
$35,000

Lender Information

Servicing Lender
First Bank
Originating Lender
First Bank

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