401 MCDERMOTT LLC (VA) - 2020 PPP Loan Borrower Profile (# 9259727205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 401 MCDERMOTT 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

9259727205

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$51,400

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$51,702.69

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

41,000

Mortgage Interest Proceed

10,400

Lender

Chesapeake Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531110

Borrower Location

RICHMOND, VA

Project Location

RICHMOND, VA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.