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Mgm Electrical Systems, Inc.

$533,300 PPP Loan in Annapolis, Maryland

Loan Details

Loan Number
5518517307
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$533,300
Current Approval
$533,300
Forgiveness Amount
$538,485
Forgiveness Date
Apr 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mgm Electrical Systems, Inc.
Address
3302 Shore Drive
City
Annapolis
State
Maryland
ZIP Code
21403
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$533,300

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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