Valid Electric Co INC

$751,616 PPP Loan in Gaithersburg, Maryland

Loan Details

Loan Number
3726717303
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$751,616
Current Approval
$751,616
Forgiveness Amount
$759,482
Forgiveness Date
May 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Valid Electric Co INC
Address
7731 Airpark Rd
ZIP Code
20879
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
46
Estimated Revenue
$15.1M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$751,616

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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