PPP Loan information for Management information technology corporation

$895,000

Management information technology corporation was initially approved for PPP Loan of amount $895,000, the current approved amount is $895,000. The loan was approved on 04/27/2020 by The Sandy Spring Bank reported 56 jobs and $895,000 was used to fund payroll.

Management information technology corporation is Existing or more than 2 years old

PPP Loan Search / MD / POTOMAC / Management information technology corporation

MANAGEMENT INFORMATION TECHNOLOGY CORPORATION

Date Approved

04/27/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MANAGEMENT INFORMATION TECHNOLOGY CORPORATION

Borrower Address

9718 CLAGETT FARM DR

Borrower City

POTOMAC

Borrower State

MD

Borrower Zip

20854-2086

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

895000.00

Current Approval Amount

895000.00

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

POTOMAC

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20854-2086

CD

MD-08

Jobs Reported

56

NAICS Code

541511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

895000.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

904342.33

Forgiveness Date

05/17/2021

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