Karins Engineering, Inc.

$898,812 PPP Loan in Newark, Delaware

Loan Details

Loan Number
8328377109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$898,812
Current Approval
$898,812
Forgiveness Amount
$908,982
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Karins Engineering, Inc.
Address
17 Polly Drummond Shpg Center Suite 201
City
Newark
ZIP Code
19711
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541330)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
DE-

Loan Use Breakdown

Payroll
$763,276
Rent
$49,910
Utilities
$15,832
Health Care
$67,169
Debt Interest
$2,625

Lender Information

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

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