PPP Loan information for Damascus motor co., inc.

$55,595

Damascus motor co., inc. was initially approved for PPP Loan of amount $55,595, the current approved amount is $55,595. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 7 jobs and $55,595 was used to fund payroll.

Damascus motor co., inc. is New Business or 2 years or less

PPP Loan Search / MD / DAMASCUS / Damascus motor co., inc.

DAMASCUS MOTOR CO., INC.

Date Approved

05/01/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

DAMASCUS MOTOR CO., INC.

Borrower Address

26100 WOODFIELD RD

Borrower City

DAMASCUS

Borrower State

MD

Borrower Zip

20872-2021

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55595.00

Current Approval Amount

55595.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

DAMASCUS

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20872-2021

CD

MD-06

Jobs Reported

7

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

55595.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

55955.99

Forgiveness Date

12/31/2020

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