PPP Loan information for Somerset operating company llc

$1,143,477

Somerset operating company llc was initially approved for PPP Loan of amount $1,143,477, the current approved amount is $1,143,477. The loan was approved on 01/31/2021 by The Bank of America, National Association reported 237 jobs and $1,143,477 was used to fund payroll.

Somerset operating company llc is Existing or more than 2 years old

PPP Loan Search / MD / Easton / Somerset operating company llc

SOMERSET OPERATING COMPANY LLC

Date Approved

01/31/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

SOMERSET OPERATING COMPANY LLC

Borrower Address

9 Federal St

Borrower City

Easton

Borrower State

MD

Borrower Zip

21601-2705

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1143477.00

Current Approval Amount

1143477.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Easton

Project County Name

TALBOT

Project State

MD

Project Zip

21601-2705

CD

MD-01

Jobs Reported

237

NAICS Code

221118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1143476.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

766250.07

Forgiveness Date

03/02/2023

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