PPP Loan information for Spears mechanical contractors inc

$1,150,667

Spears mechanical contractors inc was initially approved for PPP Loan of amount $1,150,667, the current approved amount is $1,150,667. The loan was approved on 03/31/2021 by The Bank of America, National Association reported 45 jobs and $1,150,667 was used to fund payroll.

Spears mechanical contractors inc is Existing or more than 2 years old

PPP Loan Search / MD / Baltimore / Spears mechanical contractors inc

SPEARS MECHANICAL CONTRACTORS INC

Date Approved

03/31/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

SPEARS MECHANICAL CONTRACTORS INC

Borrower Address

5612 Gwynndale Ave

Borrower City

Baltimore

Borrower State

MD

Borrower Zip

21207-6145

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1150667.00

Current Approval Amount

1150667.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Baltimore

Project County Name

BALTIMORE

Project State

MD

Project Zip

21207-6145

CD

MD-07

Jobs Reported

45

NAICS Code

238220

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1150667.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1160628.94

Forgiveness Date

02/17/2022

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