PPP Loan information for Delmarva electric motors and machine shop inc

$300,000

Delmarva electric motors and machine shop inc was initially approved for PPP Loan of amount $300,000, the current approved amount is $300,000. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 25 jobs and $300,000 was used to fund payroll.

Delmarva electric motors and machine shop inc is Existing or more than 2 years old

PPP Loan Search / MD / SALISBURY / Delmarva electric motors and machine shop inc

DELMARVA ELECTRIC MOTORS AND MACHINE SHOP INC

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

DELMARVA ELECTRIC MOTORS AND MACHINE SHOP INC

Borrower Address

111 GORDY RD

Borrower City

SALISBURY

Borrower State

MD

Borrower Zip

21804-3339

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

300000.00

Current Approval Amount

300000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

WICOMICO

Project State

MD

Project Zip

21804-3339

CD

MD-01

Jobs Reported

25

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

300000.00

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

Subchapter S Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

303241.67

Forgiveness Date

05/18/2021

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