PPP Loan information for Vytex corporation

$2,970,837

Vytex corporation was initially approved for PPP Loan of amount $2,970,837, the current approved amount is $2,970,837. The loan was approved on 04/06/2020 by The Sandy Spring Bank reported 215 jobs and $2,970,837 was used to fund payroll.

Vytex corporation is Existing or more than 2 years old

PPP Loan Search / MD / LAUREL / Vytex corporation

VYTEX CORPORATION

Date Approved

04/06/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

VYTEX CORPORATION

Borrower Address

9425 WASHINGTON BLVD

Borrower City

LAUREL

Borrower State

MD

Borrower Zip

20723-1342

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2970837.00

Current Approval Amount

2970837.00

Undisbursed Amount

0.00

Franchise Name

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAUREL

Project County Name

HOWARD

Project State

MD

Project Zip

20723-1342

CD

MD-03

Jobs Reported

215

NAICS Code

332321

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

44554.00

Payroll Proceed

2569714.00

Mortgage Interest Proceed

0.00

Rent Proceed

194876.00

Refinance EIDL Proceed

0.00

Health Care Proceed

161693.00

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

3005021.97

Forgiveness Date

06/11/2021

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