PPP Loan information for Capital development associates inc

$665,000

Capital development associates inc was initially approved for PPP Loan of amount $665,000, the current approved amount is $665,000. The loan was approved on 01/23/2021 by The Harford Bank reported 110 jobs and $665,000 was used to fund payroll.

Capital development associates inc is Existing or more than 2 years old

PPP Loan Search / MD / North East / Capital development associates inc

CAPITAL DEVELOPMENT ASSOCIATES INC

Date Approved

01/23/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

CAPITAL DEVELOPMENT ASSOCIATES INC

Borrower Address

29 S Main St

Borrower City

North East

Borrower State

MD

Borrower Zip

21901-3909

Loan Status Date

12/27/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

665000.00

Current Approval Amount

665000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29905

Servicing Lender Name

Harford Bank

Servicing Lender Address

8 W Bel Air Ave

Servicing Lender City

ABERDEEN

Servicing Lender State

MD

Servicing Lender Zip

21001-3235

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North East

Project County Name

CECIL

Project State

MD

Project Zip

21901-3909

CD

MD-01

Jobs Reported

110

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

664998.00

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

29905

Originating Lender

Harford Bank

Originating Lender City

ABERDEEN

Originating Lender State

MD

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

671058.89

Forgiveness Date

12/28/2021

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