PPP Loan information for Ocean towers construction

$246,431

Ocean towers construction was initially approved for PPP Loan of amount $250,000, the current approved amount is $246,431. The loan was approved on 04/27/2020 by The The Farmers Bank of Willards reported 24 jobs and $246,431 was used to fund payroll.

Ocean towers construction is Existing or more than 2 years old

PPP Loan Search / MD / BERLIN / Ocean towers construction

OCEAN TOWERS CONSTRUCTION

Date Approved

04/27/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

OCEAN TOWERS CONSTRUCTION

Borrower Address

16 WATERTOWN RD

Borrower City

BERLIN

Borrower State

MD

Borrower Zip

21811-1716

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

246431.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30926

Servicing Lender Name

The Farmers Bank of Willards

Servicing Lender Address

7484 Market St

Servicing Lender City

WILLARDS

Servicing Lender State

MD

Servicing Lender Zip

21874-1232

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BERLIN

Project County Name

WORCESTER

Project State

MD

Project Zip

21811-1716

CD

MD-01

Jobs Reported

24

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30803.71

Payroll Proceed

184824.00

Mortgage Interest Proceed

0.00

Rent Proceed

30803.71

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

30926

Originating Lender

The Farmers Bank of Willards

Originating Lender City

WILLARDS

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

248197.51

Forgiveness Date

01/20/2021

;