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Forman Equipment, INC

$521,442 PPP Loan in Baltimore, Maryland

Loan Details

Loan Number
8221337108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$521,442
Current Approval
$521,442
Forgiveness Amount
$524,899
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Forman Equipment, INC
Address
2036 Lord Baltimore Dr
City
Baltimore
State
Maryland
ZIP Code
21244
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424130)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$9.3M
Rural/Urban
Urban
Congressional District
MD-02

Loan Use Breakdown

Payroll
$363,195
Rent
$98,288
Utilities
$6,000
Health Care
$53,959

Lender Information

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

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