PPP Loan information for Carl belt incorporated

$2,000,000

Carl belt incorporated was initially approved for PPP Loan of amount $1,825,070, the current approved amount is $2,000,000. The loan was approved on 01/20/2021 by The First United Bank & Trust reported 100 jobs and $2,000,000 was used to fund payroll.

Carl belt incorporated is Existing or more than 2 years old

PPP Loan Search / MD / Cumberland / Carl belt incorporated

CARL BELT INCORPORATED

Date Approved

01/20/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

CARL BELT INCORPORATED

Borrower Address

11521 Milnor Ave

Borrower City

Cumberland

Borrower State

MD

Borrower Zip

21502-5131

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1825070.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30767

Servicing Lender Name

First United Bank & Trust

Servicing Lender Address

19 S 2nd St

Servicing Lender City

OAKLAND

Servicing Lender State

MD

Servicing Lender Zip

21550-1517

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cumberland

Project County Name

ALLEGANY

Project State

MD

Project Zip

21502-5131

CD

MD-06

Jobs Reported

100

NAICS Code

237990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999994.00

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

30767

Originating Lender

First United Bank & Trust

Originating Lender City

OAKLAND

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2011111.11

Forgiveness Date

08/25/2021

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