PPP Loan information for Shockley, inc.

$1,174,409

Shockley, inc. was initially approved for PPP Loan of amount $1,174,409, the current approved amount is $1,174,409. The loan was approved on 04/09/2020 by The Sandy Spring Bank reported 85 jobs and $1,174,409 was used to fund payroll.

Shockley, inc. is Existing or more than 2 years old

PPP Loan Search / MD / FREDERICK / Shockley, inc.

SHOCKLEY, INC.

Date Approved

04/09/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SHOCKLEY, INC.

Borrower Address

7400 Shockley Drive

Borrower City

FREDERICK

Borrower State

MD

Borrower Zip

21704-8362

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1174409.00

Current Approval Amount

1174409.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

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

Y

Business Age Description

Existing or more than 2 years old

Project City

FREDERICK

Project County Name

FREDERICK

Project State

MD

Project Zip

21704-8362

CD

MD-06

Jobs Reported

85

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

19056.00

Payroll Proceed

1022910.00

Mortgage Interest Proceed

28357.00

Rent Proceed

70000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

34086.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1185445.23

Forgiveness Date

03/31/2021

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