PPP Loan information for Ercole electric inc

$161,705

Ercole electric inc was initially approved for PPP Loan of amount $161,705, the current approved amount is $161,705. The loan was approved on 04/15/2020 by The Sandy Spring Bank reported 16 jobs and $161,705 was used to fund payroll.

Ercole electric inc is Existing or more than 2 years old

PPP Loan Search / MD / FREDERICK / Ercole electric inc

ERCOLE ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ERCOLE ELECTRIC INC

Borrower Address

555 West Patrick Street

Borrower City

FREDERICK

Borrower State

MD

Borrower Zip

21701

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

161705.00

Current Approval Amount

161705.00

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

FREDERICK

Project County Name

FREDERICK

Project State

MD

Project Zip

21701-1200

CD

MD-06

Jobs Reported

16

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

40426.25

Payroll Proceed

121278.75

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

163556.85

Forgiveness Date

06/16/2021

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