PPP Loan information for Transit group incorporated

$357,105

Transit group incorporated was initially approved for PPP Loan of amount $357,105, the current approved amount is $357,105. The loan was approved on 04/30/2020 by The Bank of America, National Association reported 40 jobs and $357,105 was used to fund payroll.

Transit group incorporated is Existing or more than 2 years old

PPP Loan Search / MD / GAITHERSBURG / Transit group incorporated

TRANSIT GROUP INCORPORATED

Date Approved

04/30/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

TRANSIT GROUP INCORPORATED

Borrower Address

8201 SNOUFFER SCHOOL RD

Borrower City

GAITHERSBURG

Borrower State

MD

Borrower Zip

20879-1503

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

357105.00

Current Approval Amount

357105.00

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

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

20879-1503

CD

MD-08

Jobs Reported

40

NAICS Code

812990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

357105.00

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

341278.03

Forgiveness Date

07/22/2021

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