SMI EMPLOYEE STOCK OWNERSHIP PLAN

Summary of PPP (Paycheck Protection Program) Loan approved to SMI EMPLOYEE STOCK OWNERSHIP PLAN by The Farmers Bank of Appomattox. The loan was approved on 4/10/2020 in the range of $2-5 million.

Business Information

Name:

SMI EMPLOYEE STOCK OWNERSHIP PLAN

5120 WARD S ROAD
EVINGTON, VA 24550
Business type: Employee Stock Ownership Plan(ESOP)
Merchant Wholesalers, Durable Goods
→ Automobile and Other Motor Vehicle Merchant Wholesalers
Non-profit: No
Loan amount: $2-5 million
(50 Jobs retained)
Date approved: April 10, 2020
Lender The Farmers Bank of Appomattox

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.