PPP Loan information for Bearing construction inc.

$554,695

Bearing construction inc. was initially approved for PPP Loan of amount $554,695, the current approved amount is $554,695. The loan was approved on 01/29/2021 by The Loan Source Incorporated reported 35 jobs and $554,695 was used to fund payroll.

Bearing construction inc. is Existing or more than 2 years old

PPP Loan Search / MD / Sudlersville / Bearing construction inc.

BEARING CONSTRUCTION INC.

Date Approved

01/29/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

BEARING CONSTRUCTION INC.

Borrower Address

805 Shine Smith Rd

Borrower City

Sudlersville

Borrower State

MD

Borrower Zip

21668-1561

Loan Status Date

06/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

554695.00

Current Approval Amount

554695.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sudlersville

Project County Name

QUEEN ANNES

Project State

MD

Project Zip

21668-1561

CD

MD-01

Jobs Reported

35

NAICS Code

237110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

554695.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

561822.45

Forgiveness Date

05/31/2022

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