PPP Loan information for Welch and rushe inc

$2,000,000

Welch and rushe 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 03/12/2021 by The Truist Bank reported 150 jobs and $2,000,000 was used to fund payroll.

Welch and rushe inc is Existing or more than 2 years old

PPP Loan Search / MD / Upper Marlboro / Welch and rushe inc

WELCH AND RUSHE INC

Date Approved

03/12/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

WELCH AND RUSHE INC

Borrower Address

391 Prince Georges Blvd

Borrower City

Upper Marlboro

Borrower State

MD

Borrower Zip

20774-7410

Loan Status Date

12/18/2021

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

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Upper Marlboro

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20774-7410

CD

MD-05

Jobs Reported

150

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1999999.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2013555.56

Forgiveness Date

11/17/2021

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