ABBITT MANAGEMENT LLC (VA) - 2020 PPP Loan Borrower Profile (# 8510157000)

Updated on April 18, 2025.

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

8510157000

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$740,200

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$745,175.79

Date Loan was Forgiven

Dec 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,100

Payroll Proced

724,900

Rent Proceed

13,200

Lender

The Old Point National Bank of Phoebus

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531210

Borrower Location

NEWPORT NEWS, VA

Project Location

NEWPORT NEWS, 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.