Mechanical Design Systems, INC

$879,684 PPP Loan in Clinton, Maryland

Loan Details

Loan Number
7936547002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$879,684
Current Approval
$879,684
Forgiveness Amount
$890,216
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mechanical Design Systems, INC
Address
6302 Aaron Ln
ZIP Code
20735-2201
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
71
Estimated Revenue
$22.5M
Rural/Urban
Urban
Congressional District
MD-04

Loan Use Breakdown

Payroll
$862,045
Rent
$3,009
Utilities
$14,630

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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