Stephen Palmer Electric, Inc.

$62,500 PPP Loan in Kensington, Maryland

Loan Details

Loan Number
8175587209
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$62,500
Current Approval
$62,500
Forgiveness Amount
$63,219
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Stephen Palmer Electric, Inc.
Address
10514 Detrick Avenue
ZIP Code
20895
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MD-08

Loan Use Breakdown

Payroll
$31,250
Rent
$12,500
Utilities
$6,250
Health Care
$12,500

Lender Information

Servicing Lender
American Express National Bank
Originating Lender
American Express National Bank

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