PPP Loan information for Mel's business systems inc

$140,400

Mel's business systems inc was initially approved for PPP Loan of amount $140,400, the current approved amount is $140,400. The loan was approved on 01/23/2021 by The First United Bank & Trust reported 16 jobs and $140,400 was used to fund payroll.

Mel's business systems inc is Existing or more than 2 years old

PPP Loan Search / MD / Cumberland / Mel's business systems inc

MEL'S BUSINESS SYSTEMS INC

Date Approved

01/23/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

MEL'S BUSINESS SYSTEMS INC

Borrower Address

117 Valley St Ste A

Borrower City

Cumberland

Borrower State

MD

Borrower Zip

21502-2120

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

140400.00

Current Approval Amount

140400.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Cumberland

Project County Name

ALLEGANY

Project State

MD

Project Zip

21502-2120

CD

MD-06

Jobs Reported

16

NAICS Code

541519

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

140395.00

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

Subchapter S Corporation

Originating Lender Location Id

30767

Originating Lender

First United Bank & Trust

Originating Lender City

OAKLAND

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

141620.70

Forgiveness Date

12/09/2021

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