PPP Loan information for Contract electric, inc.

$50,557

Contract electric, inc. was initially approved for PPP Loan of amount $50,557, the current approved amount is $50,557. The loan was approved on 04/15/2020 by The Sandy Spring Bank reported 4 jobs and $50,557 was used to fund payroll.

Contract electric, inc. is Existing or more than 2 years old

PPP Loan Search / MD / DAMASCUS / Contract electric, inc.

CONTRACT ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

CONTRACT ELECTRIC, INC.

Borrower Address

10713 Hunters Chase Lane

Borrower City

DAMASCUS

Borrower State

MD

Borrower Zip

20872

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50557.00

Current Approval Amount

50557.00

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

DAMASCUS

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20872-0001

CD

MD-06

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50557.00

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

51039.02

Forgiveness Date

04/08/2021

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