PPP Loan information for Loane bros. inc.

$764,432

Loane bros. inc. was initially approved for PPP Loan of amount $764,432, the current approved amount is $764,432. The loan was approved on 04/07/2020 by The Sandy Spring Bank reported 68 jobs and $764,432 was used to fund payroll.

Loane bros. inc. is Existing or more than 2 years old

PPP Loan Search / MD / TOWSON / Loane bros. inc.

LOANE BROS. INC.

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

LOANE BROS. INC.

Borrower Address

1302 East Joppa Road

Borrower City

TOWSON

Borrower State

MD

Borrower Zip

21286-5917

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

764432.00

Current Approval Amount

764432.00

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

TOWSON

Project County Name

BALTIMORE

Project State

MD

Project Zip

21286-5917

CD

MD-02

Jobs Reported

68

NAICS Code

532289

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10437.60

Payroll Proceed

689763.28

Mortgage Interest Proceed

10683.00

Rent Proceed

18410.12

Refinance EIDL Proceed

0.00

Health Care Proceed

35138.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

771091.98

Forgiveness Date

03/05/2021

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