1220 COMMERCE GARAGE LLC (VA) - 2020 PPP Loan Borrower Profile (# 5696517201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1220 COMMERCE GARAGE LLC. 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

5696517201

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$86,900

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$87,986.25

Date Loan was Forgiven

Jul 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

86,900

Lender

Bank of the James

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

LYNCHBURG, VA

Project Location

LYNCHBURG, VA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.