PPP Loan information for Federal business council inc.

$461,312

Federal business council inc. was initially approved for PPP Loan of amount $461,312, the current approved amount is $461,312. The loan was approved on 01/25/2021 by The Sandy Spring Bank reported 28 jobs and $461,312 was used to fund payroll.

Federal business council inc. is Existing or more than 2 years old

PPP Loan Search / MD / Columbia / Federal business council inc.

FEDERAL BUSINESS COUNCIL INC.

Date Approved

01/25/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

FEDERAL BUSINESS COUNCIL INC.

Borrower Address

9800 Patuxent Woods Dr Ste H

Borrower City

Columbia

Borrower State

MD

Borrower Zip

21046-3384

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

461312.00

Current Approval Amount

461312.00

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

Columbia

Project County Name

HOWARD

Project State

MD

Project Zip

21046-3384

CD

MD-03

Jobs Reported

28

NAICS Code

561920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

461306.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

466064.15

Forgiveness Date

02/10/2022

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