Reduction in Motion Enterprises INC

$81,267 PPP Loan in Fallston, Maryland

Loan Details

Loan Number
1633917306
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$81,267
Current Approval
$81,267
Forgiveness Amount
$81,788
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Reduction in Motion Enterprises INC
Address
705 Old Fallston Rd Suite 101
ZIP Code
21047
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541620)
Business Age
New Business or 2 years or less
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MD-01

Loan Use Breakdown

Payroll
$76,803
Rent
$3,700
Health Care
$764

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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