PPP Loan information for Ripple effect communications inc

$1,457,254

Ripple effect communications inc was initially approved for PPP Loan of amount $1,457,254, the current approved amount is $1,457,254. The loan was approved on 04/09/2020 by The Truist Bank reported 102 jobs and $1,457,254 was used to fund payroll.

Ripple effect communications inc is Existing or more than 2 years old

PPP Loan Search / MD / ROCKVILLE / Ripple effect communications inc

RIPPLE EFFECT COMMUNICATIONS INC

Date Approved

04/09/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

RIPPLE EFFECT COMMUNICATIONS INC

Borrower Address

2400 RESEARCH BLVD

Borrower City

ROCKVILLE

Borrower State

MD

Borrower Zip

20850-3243

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1457254.00

Current Approval Amount

1457254.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCKVILLE

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20850-3243

CD

MD-08

Jobs Reported

102

NAICS Code

541990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1457254.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1472109.89

Forgiveness Date

05/03/2021

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