PPP Loan information for Damascus motor company inc.

$50,000

Damascus motor company inc. was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 02/13/2021 by The Bank of America, National Association reported 5 jobs and $50,000 was used to fund payroll.

Damascus motor company inc. is Existing or more than 2 years old

PPP Loan Search / MD / Damascus / Damascus motor company inc.

DAMASCUS MOTOR COMPANY INC.

Date Approved

02/13/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

DAMASCUS MOTOR COMPANY INC.

Borrower Address

26100 Woodfield Rd

Borrower City

Damascus

Borrower State

MD

Borrower Zip

20872-2021

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

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

Existing or more than 2 years old

Project City

Damascus

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20872-2021

CD

MD-06

Jobs Reported

5

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

49997.00

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

50261.64

Forgiveness Date

08/26/2021

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