PPP Loan information for Ect restaurants inc

$100,800

Ect restaurants inc was initially approved for PPP Loan of amount $100,800, the current approved amount is $100,800. The loan was approved on 04/27/2020 by The First United Bank & Trust reported 32 jobs and $100,800 was used to fund payroll.

Ect restaurants inc is Existing or more than 2 years old

PPP Loan Search / MD / Cumberland / Ect restaurants inc

ECT RESTAURANTS INC

Date Approved

04/27/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ECT RESTAURANTS INC

Borrower Address

1103 Oldtown Road

Borrower City

Cumberland

Borrower State

MD

Borrower Zip

21502

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100800.00

Current Approval Amount

100800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30767

Servicing Lender Name

First United Bank & Trust

Servicing Lender Address

19 S 2nd St

Servicing Lender City

OAKLAND

Servicing Lender State

MD

Servicing Lender Zip

21550-1517

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Cumberland

Project County Name

ALLEGANY

Project State

MD

Project Zip

21502-0001

CD

MD-06

Jobs Reported

32

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

100800.00

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

30767

Originating Lender

First United Bank & Trust

Originating Lender City

OAKLAND

Originating Lender State

MD

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

101491.60

Forgiveness Date

01/07/2021

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