Date Approved
04/27/2020
SBA Office Code
0353
Processing Method
PPP
Borrower Name
MANAGEMENT INFORMATION TECHNOLOGY CORPORATION
Borrower Address
9718 CLAGETT FARM DR
Borrower City
POTOMAC
Borrower State
MD
Borrower Zip
20854-2086
Loan Status Date
01/31/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
895000.00
Current Approval Amount
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
Servicing Lender Zip
20832-2233
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MONTGOMERY
Project State
Project Zip
CD
MD-08
Jobs Reported
56
NAICS Code
541511
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
904342.33
Forgiveness Date
05/17/2021