Rich Morton's Glen Burnie Lincoln Mercury, INC

$518,000 PPP Loan in Pasadena, Maryland

Loan Details

Loan Number
6772337105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$518,000
Current Approval
$518,000
Forgiveness Amount
$524,202
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rich Morton's Glen Burnie Lincoln Mercury, INC
Address
51 Mountain Road
ZIP Code
21122
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$8.8M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$388,500
Utilities
$64,750
Mortgage Interest
$64,750

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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