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 04/14/2020 by The Dollar Bank, A Federal Savings Bank 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

04/14/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MEL'S BUSINESS SYSTEMS, INC.

Borrower Address

117 VALLEY ST

Borrower City

CUMBERLAND

Borrower State

MD

Borrower Zip

21502-2120

Loan Status Date

05/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

140400.00

Current Approval Amount

140400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88967

Servicing Lender Name

Dollar Bank, A Federal Savings Bank

Servicing Lender Address

20 Stanwix Street, 18th Floor

Servicing Lender City

PITTSBURGH

Servicing Lender State

PA

Servicing Lender Zip

15222

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

453998

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2808.00

Payroll Proceed

113724.00

Mortgage Interest Proceed

23868.00

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

88967

Originating Lender

Dollar Bank, A Federal Savings Bank

Originating Lender City

PITTSBURGH

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

141750.15

Forgiveness Date

04/08/2021

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