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Douglas Motors Inc.

$215,200 PPP Loan in Hancock, Maryland

Loan Details

Loan Number
7723887006
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$215,200
Current Approval
$215,200
Forgiveness Amount
$216,774
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Douglas Motors Inc.
Address
295 Resley St
City
Hancock
State
Maryland
ZIP Code
21750-1056
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$8.1M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$161,500
Rent
$6,000
Utilities
$4,500
Mortgage Interest
$6,200
Debt Interest
$37,000

Lender Information

Servicing Lender
Cnb Bank, Inc.
Originating Lender
Cnb Bank, Inc.

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