Banner Management, Inc.

$1,286,400 PPP Loan in Gaithersburg, Maryland

Loan Details

Loan Number
8520967109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,286,400
Current Approval
$1,286,400
Forgiveness Amount
$1,303,106
Forgiveness Date
Aug 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Banner Management, Inc.
Address
443 Frederick Avenue
ZIP Code
20877
Business Type
Corporation
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
425
Estimated Revenue
$66.3M
Rural/Urban
Urban
Congressional District
MD-08

Loan Use Breakdown

Payroll
$964,800
Utilities
$321,600

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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