1001 ENGINE AND TRANSMISSION INC (VA) - 2020 PPP Loan Borrower Profile (# 9975277006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1001 ENGINE AND TRANSMISSION 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

9975277006

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$16,400

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$16,536.21

Date Loan was Forgiven

Feb 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,400

Lender

TowneBank

Business Detail

Business Type

Corporation

NAICS

811118

Borrower Location

VIRGINIA BEACH, VA

Project Location

VIRGINIA BEACH, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.