PPP Loan information for Reactel inc

$525,000

Reactel inc was initially approved for PPP Loan of amount $525,000, the current approved amount is $525,000. The loan was approved on 04/29/2020 by The Fulton Bank, National Association reported 35 jobs and $525,000 was used to fund payroll.

Reactel inc is Existing or more than 2 years old

PPP Loan Search / MD / Gaithersburg / Reactel inc

REACTEL INC

Date Approved

04/29/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

REACTEL INC

Borrower Address

8031 Cessna Avenue

Borrower City

Gaithersburg

Borrower State

MD

Borrower Zip

20879

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

525000.00

Current Approval Amount

525000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Gaithersburg

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20879-1100

CD

MD-06

Jobs Reported

35

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

56250.00

Payroll Proceed

393750.00

Mortgage Interest Proceed

0.00

Rent Proceed

75000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

529870.83

Forgiveness Date

03/31/2021

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