PPP Loan information for Direct electric services llc

$519,100

Direct electric services llc was initially approved for PPP Loan of amount $519,100, the current approved amount is $519,100. The loan was approved on 04/07/2020 by The Sandy Spring Bank reported 10 jobs and $519,100 was used to fund payroll.

Direct electric services llc is Existing or more than 2 years old

PPP Loan Search / MD / MOUNT AIRY / Direct electric services llc

DIRECT ELECTRIC SERVICES LLC

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

DIRECT ELECTRIC SERVICES LLC

Borrower Address

111 A East Redigeville Blvd.

Borrower City

MOUNT AIRY

Borrower State

MD

Borrower Zip

21771-5259

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

519100.00

Current Approval Amount

519100.00

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT AIRY

Project County Name

CARROLL

Project State

MD

Project Zip

21771-5259

CD

MD-03

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5558.00

Payroll Proceed

483542.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

525058.98

Forgiveness Date

06/11/2021

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