PPP Loan information for Cherry lane electrical service inc

$730,400

Cherry lane electrical service inc was initially approved for PPP Loan of amount $730,400, the current approved amount is $730,400. The loan was approved on 02/11/2021 by The Sandy Spring Bank reported 60 jobs and $730,400 was used to fund payroll.

Cherry lane electrical service inc is Existing or more than 2 years old

PPP Loan Search / MD / Laurel / Cherry lane electrical service inc

CHERRY LANE ELECTRICAL SERVICE INC

Date Approved

02/11/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

CHERRY LANE ELECTRICAL SERVICE INC

Borrower Address

8750 Cherry Ln Ste 3

Borrower City

Laurel

Borrower State

MD

Borrower Zip

20707-6204

Loan Status Date

04/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

730400.00

Current Approval Amount

730400.00

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

Laurel

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20707-6204

CD

MD-04

Jobs Reported

60

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

730400.00

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

738364.36

Forgiveness Date

03/22/2022

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