ABINGDON AUTO AUCTION, INC. (VA) - 2020 PPP Loan Borrower Profile (# 7905667207)

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

7905667207

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$293,000

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$296,708.66

Date Loan was Forgiven

Aug 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

14,650

Payroll Proced

249,050

Mortgage Interest Proceed

29,300

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

Business Age Description

Existing or more than 2 years old

Data Source: SBA.