PPP Loan information for Telnet, inc

$2,622,800

Telnet, inc was initially approved for PPP Loan of amount $2,622,900, the current approved amount is $2,622,800. The loan was approved on 04/08/2020 by The Sandy Spring Bank reported 160 jobs and $2,622,800 was used to fund payroll.

Telnet, inc is Existing or more than 2 years old

PPP Loan Search / MD / DERWOOD / Telnet, inc

TELNET, INC

Date Approved

04/08/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

TELNET, INC

Borrower Address

7630 Standish Place

Borrower City

DERWOOD

Borrower State

MD

Borrower Zip

20855-2804

Loan Status Date

09/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2622900.00

Current Approval Amount

2622800.00

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

DERWOOD

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

0.00

Payroll Proceed

2622800.00

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

2657794.62

Forgiveness Date

08/18/2021

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