PPP Loan information for Logistics systems incorporated

$1,851,297

Logistics systems incorporated was initially approved for PPP Loan of amount $1,851,297, the current approved amount is $1,851,297. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 115 jobs and $1,851,297 was used to fund payroll.

Logistics systems incorporated is Existing or more than 2 years old

PPP Loan Search / DC / WASHINGTON / Logistics systems incorporated

LOGISTICS SYSTEMS INCORPORATED

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

LOGISTICS SYSTEMS INCORPORATED

Borrower Address

1100 G ST #410 NW

Borrower City

WASHINGTON

Borrower State

DC

Borrower Zip

20005

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1851297.00

Current Approval Amount

1851297.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

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

20005-0500

CD

DC-

Jobs Reported

115

NAICS Code

561210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1297.00

Payroll Proceed

1650000.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

150000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1538856.50

Forgiveness Date

02/10/2021

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