PPP Loan information for Business insurance solutions inc.

$56,445

Business insurance solutions inc. was initially approved for PPP Loan of amount $56,445, the current approved amount is $56,445. The loan was approved on 04/15/2020 by The Sandy Spring Bank reported 5 jobs and $56,445 was used to fund payroll.

Business insurance solutions inc. is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / Business insurance solutions inc.

BUSINESS INSURANCE SOLUTIONS INC.

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

BUSINESS INSURANCE SOLUTIONS INC.

Borrower Address

13501 Wagon Way

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20906

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

56445.00

Current Approval Amount

56445.00

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

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20906-1000

CD

MD-08

Jobs Reported

5

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14111.25

Payroll Proceed

42333.75

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

56992.44

Forgiveness Date

04/13/2021

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