PPP Loan information for Mechanical systems inc

$732,700

Mechanical systems inc was initially approved for PPP Loan of amount $732,700, the current approved amount is $732,700. The loan was approved on 04/14/2020 by The Sandy Spring Bank reported 20 jobs and $732,700 was used to fund payroll.

Mechanical systems inc is Existing or more than 2 years old

PPP Loan Search / MD / COLUMBIA / Mechanical systems inc

MECHANICAL SYSTEMS INC

Date Approved

04/14/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

MECHANICAL SYSTEMS INC

Borrower Address

10220 Old Columbia Road, Suite L

Borrower City

COLUMBIA

Borrower State

MD

Borrower Zip

21046

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

732700.00

Current Approval Amount

732700.00

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

COLUMBIA

Project County Name

HOWARD

Project State

MD

Project Zip

21046-1000

CD

MD-03

Jobs Reported

20

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

183175.00

Payroll Proceed

549525.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

740609.15

Forgiveness Date

05/21/2021

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