A. L. BAILEY FARMS (VA) - 2020 PPP Loan Borrower Profile (# 2362757210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A. L. BAILEY FARMS. 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

2362757210

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$20,000

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$20,162.19

Date Loan was Forgiven

Mar 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

20,000

Lender

Readycap Lending, LLC

Business Detail

Business Type

Sole Proprietorship

NAICS

111211

Borrower Location

Waverly, VA

Project Location

Waverly, VA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.