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
- State
- Virginia
- 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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|---|---|---|
| The Medical Team, Inc. | $10,000,000 | |
| Architecture INC | $10,000,000 | |
| Maryland and Virginia Milk Producers Cooperative Association | $8,392,279 | |
| Applied Information Sciences, Inc. | $7,675,887 | |
| Ats Esop Holdings Inc. | $7,463,000 |
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