PPP Loan information for Patton electronics company

$894,542

Patton electronics company was initially approved for PPP Loan of amount $894,542, the current approved amount is $894,542. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 54 jobs and $894,542 was used to fund payroll.

Patton electronics company is New Business or 2 years or less

PPP Loan Search / MD / Gaithersburg / Patton electronics company

PATTON ELECTRONICS COMPANY

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

PATTON ELECTRONICS COMPANY

Borrower Address

7622 Rickenbacker Drive

Borrower City

Gaithersburg

Borrower State

MD

Borrower Zip

20879

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

894542.00

Current Approval Amount

894542.00

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

New Business or 2 years or less

Project City

Gaithersburg

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20879-1100

CD

MD-06

Jobs Reported

54

NAICS Code

334118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25000.00

Payroll Proceed

628542.00

Mortgage Interest Proceed

0.00

Rent Proceed

85000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

98000.00

Debt Interest Proceed

58000

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

902654.15

Forgiveness Date

03/22/2021

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