Nichols Power Systems Company INC
$559,900 PPP Loan in Sandy Spring, Maryland
Loan Details
- Loan Number
- 4251327108
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $559,900
- Current Approval
- $559,900
- Forgiveness Amount
- $573,552
- Forgiveness Date
- Sep 30, 2022
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Nichols Power Systems Company INC
- Address
- 508 Olney Sandy Spring Rd
- City
- Sandy Spring
- State
- Maryland
- ZIP Code
- 20860-1009
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 21
- Estimated Revenue
- $6.9M
- Rural/Urban
- Urban
- Congressional District
- MD-08
Loan Use Breakdown
- Payroll
- $559,900
Lender Information
- Servicing Lender
- Sandy Spring Bank
- Originating Lender
- Sandy Spring Bank
Other PPP Loans in Sandy Spring, MD
| Business | Approved | |
|---|---|---|
| Brooke Grove Foundation | $5,345,750 |  Research |
| Sandy Springs Friends School, Inc. | $2,682,600 | Research |
| Transportation Management Services, Inc. | $1,204,800 | Research |
| Transportation Management Services Inc. | $1,200,952 | Research |
| Nichols Contracting INC | $1,133,800 | Research |
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