PPP Loan information for Composition systems, inc.

$1,232,700

Composition systems, inc. was initially approved for PPP Loan of amount $1,232,700, the current approved amount is $1,232,700. The loan was approved on 04/07/2020 by The United Bank reported 75 jobs and $1,232,700 was used to fund payroll.

Composition systems, inc. is Existing or more than 2 years old

PPP Loan Search / VA / ALEXANDRIA / Composition systems, inc.

COMPOSITION SYSTEMS, INC.

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

COMPOSITION SYSTEMS, INC.

Borrower Address

840 South Pickett Street

Borrower City

ALEXANDRIA

Borrower State

VA

Borrower Zip

22304-4606

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1232700.00

Current Approval Amount

1232700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALEXANDRIA

Project County Name

ALEXANDRIA CITY

Project State

VA

Project Zip

22304-4606

CD

VA-08

Jobs Reported

75

NAICS Code

323111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

24654.00

Payroll Proceed

1084776.00

Mortgage Interest Proceed

0.00

Rent Proceed

73962.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

49308

Business Type

Corporation

Originating Lender Location Id

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1230002.24

Forgiveness Date

11/17/2020

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