PPP Loan information for Powermeans electrical contracting inc

$176,325

Powermeans electrical contracting inc was initially approved for PPP Loan of amount $176,325, the current approved amount is $176,325. The loan was approved on 01/30/2021 by The Sandy Spring Bank reported 16 jobs and $176,325 was used to fund payroll.

Powermeans electrical contracting inc is Existing or more than 2 years old

PPP Loan Search / MD / Annapolis / Powermeans electrical contracting inc

POWERMEANS ELECTRICAL CONTRACTING INC

Date Approved

01/30/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

POWERMEANS ELECTRICAL CONTRACTING INC

Borrower Address

1798A Margaret Ave

Borrower City

Annapolis

Borrower State

MD

Borrower Zip

21401

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

176325.00

Current Approval Amount

176325.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Annapolis

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21401

CD

MD-03

Jobs Reported

16

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

176323.00

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

178358.78

Forgiveness Date

03/31/2022

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