PPP Loan information for Towers concrete products inc.

$400,000

Towers concrete products inc. was initially approved for PPP Loan of amount $400,000, the current approved amount is $400,000. The loan was approved on 04/08/2020 by The Summit Community Bank, Inc. reported 36 jobs and $400,000 was used to fund payroll.

Towers concrete products inc. is Existing or more than 2 years old

PPP Loan Search / MD / DENTON / Towers concrete products inc.

TOWERS CONCRETE PRODUCTS INC.

Date Approved

04/08/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

TOWERS CONCRETE PRODUCTS INC.

Borrower Address

26425 HOBBS RD

Borrower City

DENTON

Borrower State

MD

Borrower Zip

21629-2910

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

400000.00

Current Approval Amount

400000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DENTON

Project County Name

CAROLINE

Project State

MD

Project Zip

21629-2910

CD

MD-01

Jobs Reported

36

NAICS Code

327320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

400000.00

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

402277.78

Forgiveness Date

11/05/2020

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