PPP Loan information for Versatech, inc

$2,659,737

Versatech, inc was initially approved for PPP Loan of amount $2,659,737, the current approved amount is $2,659,737. The loan was approved on 04/08/2020 by The Sandy Spring Bank reported 130 jobs and $2,659,737 was used to fund payroll.

Versatech, inc is Existing or more than 2 years old

PPP Loan Search / MD / SAVAGE / Versatech, inc

VERSATECH, INC

Date Approved

04/08/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

VERSATECH, INC

Borrower Address

8510 Corridor Road

Borrower City

SAVAGE

Borrower State

MD

Borrower Zip

20763-9500

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2659737.00

Current Approval Amount

2659737.00

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

SAVAGE

Project County Name

HOWARD

Project State

MD

Project Zip

20763-9500

CD

MD-03

Jobs Reported

130

NAICS Code

541512

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1296.32

Payroll Proceed

2561387.46

Mortgage Interest Proceed

0.00

Rent Proceed

97053.22

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2690050.71

Forgiveness Date

06/11/2021

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