Smart Machine Technologies, Inc.
$468,500 PPP Loan in Ridgeway, Virginia
Loan Details
- Loan Number
- 9113927105
- Date Approved
- Apr 15, 2020
- Loan Status
- Exemption 4
- Initial Approval
- $468,500
- Current Approval
- $468,500
- Forgiveness Amount
- $421,872
- Forgiveness Date
- Mar 31, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Smart Machine Technologies, Inc.
- Address
- 651 Frith Dr
- City
- Ridgeway
- State
- Virginia
- ZIP Code
- 24148
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333241)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 52
- Estimated Revenue
- $13.6M
- Rural/Urban
- Rural
- Congressional District
- VA-09
Loan Use Breakdown
- Payroll
- $358,500
- Rent
- $34,000
- Utilities
- $22,000
- Health Care
- $38,000
- Debt Interest
- $16,000
Lender Information
- Servicing Lender
- Blue Ridge Bank, National Association
- Originating Lender
- Blue Ridge Bank, National Association
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