PPP Loan information for Foundation insurance group

$626,800

Foundation insurance group was initially approved for PPP Loan of amount $626,800, the current approved amount is $626,800. The loan was approved on 04/06/2020 by The Sandy Spring Bank reported 11 jobs and $626,800 was used to fund payroll.

Foundation insurance group is Existing or more than 2 years old

PPP Loan Search / VA / FALLS CHURCH / Foundation insurance group

FOUNDATION INSURANCE GROUP

Date Approved

04/06/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

FOUNDATION INSURANCE GROUP

Borrower Address

3190 Fairview Park Dr, #104

Borrower City

FALLS CHURCH

Borrower State

VA

Borrower Zip

22042-4509

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

626800.00

Current Approval Amount

626800.00

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

FALLS CHURCH

Project County Name

FAIRFAX

Project State

VA

Project Zip

22042-4509

CD

VA-08

Jobs Reported

11

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

626800.00

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

Subchapter S Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

637240.94

Forgiveness Date

12/17/2021

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