PPP Loan information for Shafco inc

$42,500

Shafco inc was initially approved for PPP Loan of amount $42,500, the current approved amount is $42,500. The loan was approved on 06/17/2020 by The First United Bank & Trust reported 11 jobs and $42,500 was used to fund payroll.

Shafco inc is Existing or more than 2 years old

PPP Loan Search / MD / Cumberland / Shafco inc

SHAFCO INC

Date Approved

06/17/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SHAFCO INC

Borrower Address

59 Baltimore St

Borrower City

Cumberland

Borrower State

MD

Borrower Zip

21502-3024

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42500.00

Current Approval Amount

42500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30767

Servicing Lender Name

First United Bank & Trust

Servicing Lender Address

19 S 2nd St

Servicing Lender City

OAKLAND

Servicing Lender State

MD

Servicing Lender Zip

21550-1517

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cumberland

Project County Name

ALLEGANY

Project State

MD

Project Zip

21502-3024

CD

MD-06

Jobs Reported

11

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

42500.00

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

30767

Originating Lender

First United Bank & Trust

Originating Lender City

OAKLAND

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42712.50

Forgiveness Date

12/28/2020

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