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Rand Chevrolet INC

$528,272 PPP Loan in Elkton, Maryland

Loan Details

Loan Number
4130247101
Date Approved
Apr 12, 2020
Loan Status
Paid in Full
Initial Approval
$528,272
Current Approval
$528,272
Forgiveness Amount
$532,293
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rand Chevrolet INC
Address
2 Automotive Blvd
City
Elkton
State
Maryland
ZIP Code
21921-6375
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$9.1M
Rural/Urban
Rural
Congressional District
MD-01

Loan Use Breakdown

Payroll
$396,204
Utilities
$66,034
Mortgage Interest
$66,034

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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