PPP Loan information for Composition systems inc

$1,229,055

Composition systems inc was initially approved for PPP Loan of amount $1,229,055, the current approved amount is $1,229,055. The loan was approved on 01/21/2021 by The United Bank reported 62 jobs and $1,229,055 was used to fund payroll.

Composition systems inc is Existing or more than 2 years old

PPP Loan Search / VA / Alexandria / Composition systems inc

COMPOSITION SYSTEMS INC

Date Approved

01/21/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

COMPOSITION SYSTEMS INC

Borrower Address

840 S Pickett St

Borrower City

Alexandria

Borrower State

VA

Borrower Zip

22304-4606

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1229055.00

Current Approval Amount

1229055.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Alexandria

Project County Name

ALEXANDRIA CITY

Project State

VA

Project Zip

22304-4606

CD

VA-08

Jobs Reported

62

NAICS Code

323111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1229051.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1239843.37

Forgiveness Date

12/14/2021

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