PPP Loan information for Karaco inc.

$71,006

Karaco inc. was initially approved for PPP Loan of amount $71,006, the current approved amount is $71,006. The loan was approved on 02/20/2021 by The Truist Bank reported 7 jobs and $71,006 was used to fund payroll.

Karaco inc. is Existing or more than 2 years old

PPP Loan Search / MD / Waldorf / Karaco inc.

KARACO INC.

Date Approved

02/20/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

KARACO INC.

Borrower Address

11780 Holly Auto Center Ln

Borrower City

Waldorf

Borrower State

MD

Borrower Zip

20601-2813

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

71005.88

Current Approval Amount

71005.88

Undisbursed Amount

0.00

Franchise Name

Henderson Oil Company (Multi Brands) Sales Agreement

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Waldorf

Project County Name

CHARLES

Project State

MD

Project Zip

20601-2813

CD

MD-05

Jobs Reported

7

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

71000.88

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

71416.14

Forgiveness Date

09/22/2021

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