PPP Loan information for Somerset well drilling co., inc.

$473,400

Somerset well drilling co., inc. was initially approved for PPP Loan of amount $473,400, the current approved amount is $473,400. The loan was approved on 04/10/2020 by The Truist Bank reported 40 jobs and $473,400 was used to fund payroll.

Somerset well drilling co., inc. is Existing or more than 2 years old

PPP Loan Search / MD / WESTOVER / Somerset well drilling co., inc.

SOMERSET WELL DRILLING CO., INC.

Date Approved

04/10/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SOMERSET WELL DRILLING CO., INC.

Borrower Address

30170 Ritzel Rd

Borrower City

WESTOVER

Borrower State

MD

Borrower Zip

21871-3942

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

473400.00

Current Approval Amount

473400.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WESTOVER

Project County Name

SOMERSET

Project State

MD

Project Zip

21871-3942

CD

MD-01

Jobs Reported

40

NAICS Code

237110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

473400.00

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

Subchapter S 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

476911.05

Forgiveness Date

01/14/2021

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