PPP Loan information for Designamerica, inc.

$125,000

Designamerica, inc. was initially approved for PPP Loan of amount $125,000, the current approved amount is $125,000. The loan was approved on 04/16/2020 by The Sandy Spring Bank reported 6 jobs and $125,000 was used to fund payroll.

Designamerica, inc. is Existing or more than 2 years old

PPP Loan Search / MD / COLLEGE PARK / Designamerica, inc.

DESIGNAMERICA, INC.

Date Approved

04/16/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

DESIGNAMERICA, INC.

Borrower Address

4511 Knox Rd. #206

Borrower City

COLLEGE PARK

Borrower State

MD

Borrower Zip

20740

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

125000.00

Current Approval Amount

125000.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLLEGE PARK

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20740-1047

CD

MD-04

Jobs Reported

6

NAICS Code

517410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

31250.00

Payroll Proceed

93750.00

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

126000.00

Forgiveness Date

02/09/2021

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