PPP Loan information for Priority power inc

$815,520

Priority power inc was initially approved for PPP Loan of amount $815,520, the current approved amount is $815,520. The loan was approved on 06/05/2020 by The Bank of America, National Association reported 228 jobs and $815,520 was used to fund payroll.

Priority power inc is Existing or more than 2 years old

PPP Loan Search / MD / GREENBELT / Priority power inc

PRIORITY POWER INC

Date Approved

06/05/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

PRIORITY POWER INC

Borrower Address

5510 CHERRYWOOD LN STE D

Borrower City

GREENBELT

Borrower State

MD

Borrower Zip

20770-1003

Loan Status Date

09/20/2022

Loan Status

Charged Off

Term

29

SBA Guaranty Percentage

100

Initial Approval Amount

815520.00

Current Approval Amount

815520.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GREENBELT

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20770-1003

CD

MD-04

Jobs Reported

228

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

815520.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

360916.54

Forgiveness Date

05/21/2021

;