81 SOUTH, INC (VA) - 2020 PPP Loan Borrower Profile (# 8216077010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 81 SOUTH, 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

8216077010

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$105,200

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$105,790.85

Date Loan was Forgiven

Nov 5, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,000

Payroll Proced

80,000

Mortgage Interest Proceed

15,200

Lender

Farmers & Merchants Bank of Craig County

Business Detail

Business Type

Corporation

NAICS

531312

Borrower Location

PAINT BANK, VA

Project Location

PAINT BANK, VA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.