Direct Electric Services LLC

$519,100 PPP Loan in Mount Airy, Maryland

Loan Details

Loan Number
7048797009
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$519,100
Current Approval
$519,100
Forgiveness Amount
$525,059
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Direct Electric Services LLC
Address
111 a East Redigeville Blvd.
ZIP Code
21771-5259
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MD-03

Loan Use Breakdown

Payroll
$483,542
Rent
$10,000
Utilities
$5,558
Health Care
$20,000

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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