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Daco Construction Corporation

$708,332 PPP Loan in Harmans, Maryland

Loan Details

Loan Number
7702087101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$708,332
Current Approval
$708,332
Forgiveness Amount
$718,365
Forgiveness Date
Sep 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Daco Construction Corporation
Address
7538 Old Coaling Road
City
Harmans
State
Maryland
ZIP Code
21077
Business Type
Corporation
Industry (NAICS)
Construction (237110)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$14.9M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$647,732
Rent
$8,600
Utilities
$3,000
Health Care
$24,000
Debt Interest
$25,000

Lender Information

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

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