PPP Loan information for Mechanical design systems, inc

$879,684

Mechanical design systems, inc was initially approved for PPP Loan of amount $879,684, the current approved amount is $879,684. The loan was approved on 04/08/2020 by The Sandy Spring Bank reported 71 jobs and $879,684 was used to fund payroll.

Mechanical design systems, inc is Existing or more than 2 years old

PPP Loan Search / MD / CLINTON / Mechanical design systems, inc

MECHANICAL DESIGN SYSTEMS, INC

Date Approved

04/08/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

MECHANICAL DESIGN SYSTEMS, INC

Borrower Address

6302 AARON LN

Borrower City

CLINTON

Borrower State

MD

Borrower Zip

20735-2201

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

879684.00

Current Approval Amount

879684.00

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

CLINTON

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20735-2201

CD

MD-04

Jobs Reported

71

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14630.00

Payroll Proceed

862045.00

Mortgage Interest Proceed

0.00

Rent Proceed

3009.00

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

Unanswered

Non Profit

Forgiveness Amount

890216.11

Forgiveness Date

07/02/2021

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