PPP Loan information for Douglas development corp

$1,017,500

Douglas development corp was initially approved for PPP Loan of amount $1,017,500, the current approved amount is $1,017,500. The loan was approved on 04/07/2020 by The United Bank reported 60 jobs and $1,017,500 was used to fund payroll.

Douglas development corp is Existing or more than 2 years old

PPP Loan Search / DC / WASHINGTON / Douglas development corp

DOUGLAS DEVELOPMENT CORP

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

DOUGLAS DEVELOPMENT CORP

Borrower Address

702 H ST, NW Suite 400

Borrower City

WASHINGTON

Borrower State

DC

Borrower Zip

20001-3875

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1017500.00

Current Approval Amount

1017500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WASHINGTON

Project County Name

DISTRICT OF COLUMBIA

Project State

DC

Project Zip

20001-3875

CD

DC-

Jobs Reported

60

NAICS Code

531390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1017500.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1027251.04

Forgiveness Date

04/02/2021

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