PPP Loan information for Procession systems inc

$279,492

Procession systems inc was initially approved for PPP Loan of amount $279,492, the current approved amount is $279,492. The loan was approved on 04/13/2020 by The Manufacturers and Traders Trust Company reported 30 jobs and $279,492 was used to fund payroll.

Procession systems inc is Change of Ownership

PPP Loan Search / VA / RESTON / Procession systems inc

PROCESSION SYSTEMS INC

Date Approved

04/13/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

PROCESSION SYSTEMS INC

Borrower Address

11260 Roger Bacon Drive Suite 503

Borrower City

RESTON

Borrower State

VA

Borrower Zip

20190-5201

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279492.00

Current Approval Amount

279492.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Change of Ownership

Project City

RESTON

Project County Name

FAIRFAX

Project State

VA

Project Zip

20190-5201

CD

VA-11

Jobs Reported

30

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

238420.00

Mortgage Interest Proceed

0.00

Rent Proceed

16072.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

282953.11

Forgiveness Date

07/19/2021

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