ABINGDON AUTO AUCTION INC (VA) - 2020 PPP Loan Borrower Profile (# 2972738807)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABINGDON AUTO AUCTION 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

2972738807

SBA Office Code

0304

Processing Method

PPS

Curent Loan Amount

$309,800

Date Loan was Approved

Apr 13, 2021

Amount Forgiven

$313,381.8

Date Loan was Forgiven

Jun 16, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

309,797

Lender

First Community Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423110

Borrower Location

Abingdon, VA

Project Location

Abingdon, VA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

109

Business Age Description

Existing or more than 2 years old

Data Source: SBA.