Stephen Simmons State Farm

$142,000 PPP Loan in Elkton, Maryland

Loan Details

Loan Number
7485727204
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$142,000
Current Approval
$142,000
Forgiveness Amount
$142,738
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Stephen Simmons State Farm
Address
12 Lewisville Rd
City
Elkton
ZIP Code
21921-2101
Business Type
Sole Proprietorship
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$6.7M
Rural/Urban
Rural
Congressional District
MD-01

Loan Use Breakdown

Payroll
$112,000
Rent
$25,000
Utilities
$5,000

Lender Information

Servicing Lender
Cecil Bank
Originating Lender
Cecil Bank

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