PPP Loan information for Varsity towing inc.

$57,200

Varsity towing inc. was initially approved for PPP Loan of amount $57,200, the current approved amount is $57,200. The loan was approved on 04/10/2020 by The Farmers & Merchants Bank reported 4 jobs and $57,200 was used to fund payroll.

Varsity towing inc. is New Business or 2 years or less

PPP Loan Search / MD / CATONSVILLE / Varsity towing inc.

VARSITY TOWING INC.

Date Approved

04/10/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

VARSITY TOWING INC.

Borrower Address

5625 Old Frederick Road

Borrower City

CATONSVILLE

Borrower State

MD

Borrower Zip

21228-2252

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57200.00

Current Approval Amount

57200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30550

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

15226 Hanover Pike

Servicing Lender City

UPPERCO

Servicing Lender State

MD

Servicing Lender Zip

21155-9749

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CATONSVILLE

Project County Name

BALTIMORE

Project State

MD

Project Zip

21228-2252

CD

MD-07

Jobs Reported

4

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

57200.00

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

Subchapter S Corporation

Originating Lender Location Id

30550

Originating Lender

Farmers & Merchants Bank

Originating Lender City

UPPERCO

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

57609.02

Forgiveness Date

01/07/2021

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