PPP Loan information for Telnet inc.

$2,000,000

Telnet inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/25/2021 by The Sandy Spring Bank reported 160 jobs and $2,000,000 was used to fund payroll.

Telnet inc. is Existing or more than 2 years old

PPP Loan Search / MD / Rockville / Telnet inc.

TELNET INC.

Date Approved

01/25/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

TELNET INC.

Borrower Address

7630 Standish Pl

Borrower City

Rockville

Borrower State

MD

Borrower Zip

20855-2804

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

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

20855-2804

CD

MD-08

Jobs Reported

160

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2019780.82

Forgiveness Date

01/26/2022

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