1ST CLASS FRANCHISING, LLC (VA) - 2020 PPP Loan Borrower Profile (# 1139837104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST CLASS FRANCHISING, 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

1139837104

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$85,500

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$86,041.5

Date Loan was Forgiven

Dec 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

85,500

Lender

TowneBank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531311

Borrower Location

VIRGINIA BEACH, VA

Project Location

VIRGINIA BEACH, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.