Procession Systems INC

$279,492 PPP Loan in Reston, Virginia

Loan Details

Loan Number
4603097105
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$279,492
Current Approval
$279,492
Forgiveness Amount
$282,953
Forgiveness Date
Jul 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Procession Systems INC
Address
11260 Roger Bacon Drive Suite 503
City
Reston
ZIP Code
20190-5201
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541990)
Business Age
Change of Ownership
Jobs Reported
30
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
VA-11

Loan Use Breakdown

Payroll
$238,420
Rent
$16,072
Utilities
$5,000
Health Care
$20,000

Lender Information

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

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