Shockley, Inc.

$1,174,409 PPP Loan in Frederick, Maryland

Loan Details

Loan Number
1100847110
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,174,409
Current Approval
$1,174,409
Forgiveness Amount
$1,185,445
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shockley, Inc.
Address
7400 Shockley Drive
ZIP Code
21704-8362
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Honda Automobile Division - Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$21.4M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$1,022,910
Rent
$70,000
Utilities
$19,056
Health Care
$34,086
Mortgage Interest
$28,357

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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