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Donald B Rice Tire Co, INC

$2,722,262 PPP Loan in Frederick, Maryland

Loan Details

Loan Number
5454607103
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$2,722,262
Current Approval
$2,722,262
Forgiveness Amount
$2,757,316
Forgiveness Date
Aug 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Donald B Rice Tire Co, INC
Address
909 North East Street
City
Frederick
State
Maryland
ZIP Code
21701-4621
Business Type
Corporation
Industry (NAICS)
Retail Trade (441320)
Business Age
Existing or more than 2 years old
Jobs Reported
230
Estimated Revenue
$62.2M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$2,200,000
Rent
$310,669
Health Care
$211,593

Lender Information

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

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