Teksolv, INC

$1,596,862 PPP Loan in Newark, Delaware

Loan Details

Loan Number
8388387103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,596,862
Current Approval
$1,596,862
Forgiveness Amount
$1,617,118
Forgiveness Date
Jul 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Teksolv, INC
Address
130 Executive Drive Suite 5
City
Newark
ZIP Code
19702
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541690)
Business Age
Existing or more than 2 years old
Jobs Reported
73
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
DE-

Loan Use Breakdown

Payroll
$1,491,280
Rent
$30,000
Utilities
$11,400
Health Care
$56,782
Debt Interest
$7,400

Lender Information

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

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