Reactel INC
$525,000 PPP Loan in Gaithersburg, Maryland
Loan Details
- Loan Number
- 4219747301
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $525,000
- Current Approval
- $525,000
- Forgiveness Amount
- $529,871
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Reactel INC
- Address
- 8031 Cessna Avenue
- City
- Gaithersburg
- State
- Maryland
- ZIP Code
- 20879
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (339999)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 35
- Estimated Revenue
- $9.8M
- Rural/Urban
- Urban
- Congressional District
- MD-06
Loan Use Breakdown
- Payroll
- $393,750
- Rent
- $75,000
- Utilities
- $56,250
Lender Information
- Servicing Lender
- Fulton Bank, National Association
- Originating Lender
- Fulton Bank, National Association
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