PPP Loan information for Beach products inc

$542,237

Beach products inc was initially approved for PPP Loan of amount $542,237, the current approved amount is $542,237. The loan was approved on 02/23/2021 by The Truist Bank reported 27 jobs and $542,237 was used to fund payroll.

Beach products inc is Existing or more than 2 years old

BEACH PRODUCTS INC

Date Approved

02/23/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

BEACH PRODUCTS INC

Borrower Address

1200 67th St

Borrower City

Rosedale

Borrower State

MD

Borrower Zip

21237-2514

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

542236.50

Current Approval Amount

542236.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Rosedale

Project County Name

BALTIMORE

Project State

MD

Project Zip

21237-2514

CD

MD-07

Jobs Reported

27

NAICS Code

315990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

542233.50

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

548698.15

Forgiveness Date

05/19/2022

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