PPP Loan information for Area construction, inc.

$31,600

Area construction, inc. was initially approved for PPP Loan of amount $31,600, the current approved amount is $31,600. The loan was approved on 04/27/2020 by The Cecil Bank reported 5 jobs and $31,600 was used to fund payroll.

Area construction, inc. is Existing or more than 2 years old

PPP Loan Search / MD / ELKTON / Area construction, inc.

AREA CONSTRUCTION, INC.

Date Approved

04/27/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

AREA CONSTRUCTION, INC.

Borrower Address

1456 W PULASKI HWY

Borrower City

ELKTON

Borrower State

MD

Borrower Zip

21921-4764

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

31600.00

Current Approval Amount

31600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88670

Servicing Lender Name

Cecil Bank

Servicing Lender Address

127 N St

Servicing Lender City

ELKTON

Servicing Lender State

MD

Servicing Lender Zip

21921-5510

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELKTON

Project County Name

CECIL

Project State

MD

Project Zip

21921-4764

CD

MD-01

Jobs Reported

5

NAICS Code

237990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7900.00

Payroll Proceed

23700.00

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

Subchapter S Corporation

Originating Lender Location Id

88670

Originating Lender

Cecil Bank

Originating Lender City

ELKTON

Originating Lender State

MD

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

28754.12

Forgiveness Date

11/12/2020

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