PPP Loan information for 8701 ram inc

$544,740

8701 ram inc was initially approved for PPP Loan of amount $544,740, the current approved amount is $544,740. The loan was approved on 02/27/2021 by The Sandy Spring Bank reported 37 jobs and $544,740 was used to fund payroll.

8701 ram inc is Existing or more than 2 years old

PPP Loan Search / MD / Silver Spring / 8701 ram inc

8701 RAM INC

Date Approved

02/27/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

8701 RAM INC

Borrower Address

8701 Ramsey Ave

Borrower City

Silver Spring

Borrower State

MD

Borrower Zip

20910-3485

Loan Status Date

08/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

544740.00

Current Approval Amount

544740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Silver Spring

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-3485

CD

MD-08

Jobs Reported

37

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

544739.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

552157.42

Forgiveness Date

07/13/2022

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