PPP Loan information for The arc of southern maryland, inc.

$2,831,487

The arc of southern maryland, inc. was initially approved for PPP Loan of amount $2,831,487, the current approved amount is $2,831,487. The loan was approved on 04/13/2020 by The Community Bank of the Chesapeake reported 325 jobs and $2,831,487 was used to fund payroll.

The arc of southern maryland, inc. is Existing or more than 2 years old

PPP Loan Search / MD / PRINCE FREDERICK / The arc of southern maryland, inc.

THE ARC OF SOUTHERN MARYLAND, INC.

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

THE ARC OF SOUTHERN MARYLAND, INC.

Borrower Address

355 West Dares Beach Road PO Box 1860

Borrower City

PRINCE FREDERICK

Borrower State

MD

Borrower Zip

20678-3125

Loan Status Date

11/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2831487.00

Current Approval Amount

2831487.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121705

Servicing Lender Name

Community Bank of the Chesapeake

Servicing Lender Address

3035 Leonardtown Rd PO Box 38

Servicing Lender City

Waldorf

Servicing Lender State

MD

Servicing Lender Zip

20601

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PRINCE FREDERICK

Project County Name

CALVERT

Project State

MD

Project Zip

20678-3125

CD

MD-05

Jobs Reported

325

NAICS Code

624120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2831487.00

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

Non-Profit Organization

Originating Lender Location Id

121705

Originating Lender

Community Bank of the Chesapeake

Originating Lender City

Waldorf

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2872601.74

Forgiveness Date

10/06/2021

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