AARE INC (VA) - 2020 PPP Loan Borrower Profile (# 8428377106)

Updated on April 18, 2025.

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

8428377106

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$15,500

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$15,696.76

Date Loan was Forgiven

Jul 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,472

Payroll Proced

7,028

Rent Proceed

6,000

Lender

The Old Point National Bank of Phoebus

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

HAMPTON, VA

Project Location

HAMPTON, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.