Cherry Lane Electrical Service INC

$730,400 PPP Loan in Laurel, Maryland

Loan Details

Loan Number
5335087306
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$730,400
Current Approval
$730,400
Forgiveness Amount
$740,466
Forgiveness Date
Sep 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cherry Lane Electrical Service INC
Address
8750 Cherry Lane Suite 3
City
Laurel
ZIP Code
20707-6208
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
83
Estimated Revenue
$27.3M
Rural/Urban
Urban
Congressional District
MD-04

Loan Use Breakdown

Payroll
$730,400

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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