1G2B INC (VA) - 2020 PPP Loan Borrower Profile (# 5977937009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1G2B INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Virginia.

Loan Detail

Loan Number

5977937009

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$274,900

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$276,617.18

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

274,900

Lender

Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU

Business Detail

Business Type

Corporation

NAICS

236115

Borrower Location

GLOUCESTER, VA

Project Location

GLOUCESTER, VA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.