PPP Loan information for Echo electric company inc

$198,235

Echo electric company inc was initially approved for PPP Loan of amount $198,235, the current approved amount is $198,235. The loan was approved on 01/31/2021 by The Sandy Spring Bank reported 19 jobs and $198,235 was used to fund payroll.

Echo electric company inc is Existing or more than 2 years old

PPP Loan Search / MD / Kensington / Echo electric company inc

ECHO ELECTRIC COMPANY INC

Date Approved

01/31/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

ECHO ELECTRIC COMPANY INC

Borrower Address

10526 Detrick Ave

Borrower City

Kensington

Borrower State

MD

Borrower Zip

20895-2432

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

198235.00

Current Approval Amount

198235.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Kensington

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20895-2432

CD

MD-08

Jobs Reported

19

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

198232.00

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

199685.10

Forgiveness Date

11/01/2021

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