ALBEMARLE HOSPITALITY INC (VA) - 2020 PPP Loan Borrower Profile (# 4627957010)

Updated on April 18, 2025.

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

4627957010

SBA Office Code

0304

Processing Method

PPP

Curent Loan Amount

$208,500

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$210,509.71

Date Loan was Forgiven

Apr 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

208,500

Lender

The First Bank and Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

721110

Borrower Location

STAUNTON, VA

Project Location

STAUNTON, VA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.