Profit Incorporated

$45,000 PPP Loan in Elkton, Maryland

Loan Details

Loan Number
5241707007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$45,000
Current Approval
$33,132
Forgiveness Amount
$33,454
Forgiveness Date
Apr 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Profit Incorporated
Address
61 Wedgemont Dr
City
Elkton
ZIP Code
21921-4934
Business Type
Corporation
Industry (NAICS)
Arts, Entertainment, and Recreation (713940)
Franchise
Legion Transformation Center
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MD-01

Loan Use Breakdown

Payroll
$25,782
Rent
$5,272
Utilities
$960
Debt Interest
$1,118

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Stearns Bank National Association

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