See Which Burke, Springfield Businesses Got PPP Loans

Burke VA

08 July, 2020

5:13 PM

Description

BURKE, VA — The Small Business Administration released loan-level data for loan recipients of $150,000 or above, including business names, addresses, ZIP codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amounts. The same data was also released for loan recipients below $150,000, except for business names and addresses Businesses affected by the coronavirus pandemic were able to apply for federal relief through the U.S. Small Business Administration and U.S. Treasury's Paycheck Protection Program (PPP). PPP loans were established as part of the federal government's CARES Act and are similar to grants. The loans have an interest rate of 1 percent and can be fully forgiven if used for payroll costs, interest on mortgages, rent and utilities. Businesses with loan amounts between $150,000 and $10 million account for nearly 75 percent of approved loan dollars, according to the Small Business Administration. Virginia Eyecare Center was the only Burke business with a loan over $150,000. The loan, with an amount between $150,000 and $350,000, helped support 31 jobs. In Springfield, there were numerous businesses receiving amounts into the millions. Here are the Springfield businesses in that earned PPP loans over $1 million, based on data released by the Small Business Administration. We've also made a full database of Virginia businesses that received PPP loans over $150,000. $2 million to $5 million Best Medical International, Inc.: 212 jobs supportedCapitol Boiler Works, Inc.: 146 jobs supportedCornet Technology, Inc.: 106 jobs supportedInternational Gourmet Foods, Inc.: 235 jobs supportedInterstate Holdings Group, Inc.: 281 jobs supportedJennings Motor Company, Inc.: 247 jobs supportedMVLE, Inc.: 370 jobs supportedNew Age Protection, Inc.: 500 jobs supportedPaxton Van Lines, Inc.: 210 jobs supportedRobinson Export & Import Corp.: 249 jobs supportedSheehy Ford of Springfield, Inc.: 108 jobs supportedVAE, Inc.: 181 jobs supported$1 million to $2 million ADI Construction of Virginia, LLC: 86 jobs supportedAssociation of Alexandria Radiologists: 80 jobs supportedCapitol Petroleum Group, LLC: 60 jobs supportedCSB Services, LLC: no jobs affectedDirect Courier, Inc.: 103 jobs supportedHandley Motor Company, Inc.: 100 jobs supportedKMN Sheet Metal Inc.: 78 jobs supportedMID South Building Supply Inc.: 137 jobs supportedMike's American Grill, LLC: 93 jobs supportedMillennium Construction LLC: 85 jobs supportedOrion Management, Inc.: 77 jobs supportedProjection Inc.: 87 jobs supportedScott Miller: 83 jobs supportedVirginia Imports, Ltd.: 138 jobs supportedXray Vision, Inc.: 36 jobs supported