PPP Loan information for Profit incorporated

$33,132

Profit incorporated was initially approved for PPP Loan of amount $45,000, the current approved amount is $33,132. The loan was approved on 04/05/2020 by The Loan Source Incorporated reported 9 jobs and $33,132 was used to fund payroll.

Profit incorporated is Existing or more than 2 years old

PPP Loan Search / MD / ELKTON / Profit incorporated

PROFIT INCORPORATED

Date Approved

04/05/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

PROFIT INCORPORATED

Borrower Address

61 WEDGEMONT DR

Borrower City

ELKTON

Borrower State

MD

Borrower Zip

21921-4934

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45000.00

Current Approval Amount

33132.00

Undisbursed Amount

0.00

Franchise Name

Legion Transformation Center

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELKTON

Project County Name

CECIL

Project State

MD

Project Zip

21921-4934

CD

MD-01

Jobs Reported

9

NAICS Code

713940

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

960.00

Payroll Proceed

25782.00

Mortgage Interest Proceed

0.00

Rent Proceed

5272.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

1118

Business Type

Corporation

Originating Lender Location Id

36581

Originating Lender

Stearns Bank National Association

Originating Lender City

SAINT CLOUD

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

33454.24

Forgiveness Date

04/01/2021

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