PPP Loan information for Altimate electric inc

$1,809,100

Altimate electric inc was initially approved for PPP Loan of amount $1,809,100, the current approved amount is $1,809,100. The loan was approved on 01/28/2021 by The Sandy Spring Bank reported 150 jobs and $1,809,100 was used to fund payroll.

Altimate electric inc is Existing or more than 2 years old

PPP Loan Search / MD / Mount Airy / Altimate electric inc

ALTIMATE ELECTRIC INC

Date Approved

01/28/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

ALTIMATE ELECTRIC INC

Borrower Address

1008 Rising Ridge Rd

Borrower City

Mount Airy

Borrower State

MD

Borrower Zip

21771-5799

Loan Status Date

01/22/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1809100.00

Current Approval Amount

1809100.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Airy

Project County Name

FREDERICK

Project State

MD

Project Zip

21771-5799

CD

MD-06

Jobs Reported

150

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1809100.00

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

1824316.27

Forgiveness Date

12/07/2021

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