PPP Loan information for Arel architects, inc.

$93,759

Arel architects, inc. was initially approved for PPP Loan of amount $93,759, the current approved amount is $93,759. The loan was approved on 05/22/2020 by The Sandy Spring Bank reported 6 jobs and $93,759 was used to fund payroll.

Arel architects, inc. is Existing or more than 2 years old

PPP Loan Search / MD / TEMPLE HILLS / Arel architects, inc.

AREL ARCHITECTS, INC.

Date Approved

05/22/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

AREL ARCHITECTS, INC.

Borrower Address

5827 ALLENTOWN WAY

Borrower City

TEMPLE HILLS

Borrower State

MD

Borrower Zip

20748-2613

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

93759.00

Current Approval Amount

93759.00

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

TEMPLE HILLS

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20748-2613

CD

MD-04

Jobs Reported

6

NAICS Code

541310

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

93759.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

94714.57

Forgiveness Date

06/04/2021

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