PPP Loan information for New direction utilities, inc.

$979,700

New direction utilities, inc. was initially approved for PPP Loan of amount $979,700, the current approved amount is $979,700. The loan was approved on 04/29/2020 by The Manufacturers and Traders Trust Company reported 72 jobs and $979,700 was used to fund payroll.

New direction utilities, inc. is Existing or more than 2 years old

PPP Loan Search / MD / Hagerstown / New direction utilities, inc.

NEW DIRECTION UTILITIES, INC.

Date Approved

04/29/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

NEW DIRECTION UTILITIES, INC.

Borrower Address

21616 Kelso Drive

Borrower City

Hagerstown

Borrower State

MD

Borrower Zip

21742

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

979700.00

Current Approval Amount

979700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hagerstown

Project County Name

WASHINGTON

Project State

MD

Project Zip

21742-0001

CD

MD-06

Jobs Reported

72

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2200.00

Payroll Proceed

858869.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

108631.00

Debt Interest Proceed

10000

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

987967.06

Forgiveness Date

03/08/2021

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