PPP Loan information for Magothy motorcars inc.

$23,100

Magothy motorcars inc. was initially approved for PPP Loan of amount $23,100, the current approved amount is $23,100. The loan was approved on 05/07/2021 by The Sandy Spring Bank reported 1 jobs and $23,100 was used to fund payroll.

Magothy motorcars inc. is Existing or more than 2 years old

PPP Loan Search / MD / Pasadena / Magothy motorcars inc.

MAGOTHY MOTORCARS INC.

Date Approved

05/07/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

MAGOTHY MOTORCARS INC.

Borrower Address

4433 Mountain Rd

Borrower City

Pasadena

Borrower State

MD

Borrower Zip

21122-4566

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

23100.00

Current Approval Amount

23100.00

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

Pasadena

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21122-4566

CD

MD-03

Jobs Reported

1

NAICS Code

423110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

23097.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

23219.61

Forgiveness Date

11/16/2021

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