PPP Loan information for Kar products distributors, inc.

$212,100

Kar products distributors, inc. was initially approved for PPP Loan of amount $212,100, the current approved amount is $212,100. The loan was approved on 04/10/2020 by The The Chesapeake Bank & Trust Company reported 19 jobs and $212,100 was used to fund payroll.

Kar products distributors, inc. is Existing or more than 2 years old

PPP Loan Search / MD / CHESTERTOWN / Kar products distributors, inc.

KAR PRODUCTS DISTRIBUTORS, INC.

Date Approved

04/10/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

KAR PRODUCTS DISTRIBUTORS, INC.

Borrower Address

6407 CHURCH HILL RD

Borrower City

CHESTERTOWN

Borrower State

MD

Borrower Zip

21620-2382

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212100.00

Current Approval Amount

212100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111223

Servicing Lender Name

The Chesapeake Bank & Trust Company

Servicing Lender Address

245 High St

Servicing Lender City

CHESTERTOWN

Servicing Lender State

MD

Servicing Lender Zip

21620-1517

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHESTERTOWN

Project County Name

QUEEN ANNES

Project State

MD

Project Zip

21620-2382

CD

MD-01

Jobs Reported

19

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

212100.00

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

111223

Originating Lender

The Chesapeake Bank & Trust Company

Originating Lender City

CHESTERTOWN

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

214895.07

Forgiveness Date

08/11/2021

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