PPP Loan information for Adco innovations inc.

$130,522

Adco innovations inc. was initially approved for PPP Loan of amount $130,522, the current approved amount is $130,522. The loan was approved on 04/08/2020 by The Community Bank of the Chesapeake reported 12 jobs and $130,522 was used to fund payroll.

Adco innovations inc. is Existing or more than 2 years old

PPP Loan Search / MD / LUSBY / Adco innovations inc.

ADCO INNOVATIONS INC.

Date Approved

04/08/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ADCO INNOVATIONS INC.

Borrower Address

133325 ROUSBY HALL RD

Borrower City

LUSBY

Borrower State

MD

Borrower Zip

20657-2707

Loan Status Date

04/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130522.00

Current Approval Amount

130522.00

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

LUSBY

Project County Name

CALVERT

Project State

MD

Project Zip

20657-2707

CD

MD-05

Jobs Reported

12

NAICS Code

562910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

130522.00

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

121705

Originating Lender

Community Bank of the Chesapeake

Originating Lender City

Waldorf

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

131462.47

Forgiveness Date

01/11/2021

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