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Nagel Farm Service Inc.

$400,970 PPP Loan in Preston, Maryland

Loan Details

Loan Number
8589237100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$400,970
Current Approval
$400,970
Forgiveness Amount
$405,123
Forgiveness Date
May 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Nagel Farm Service Inc.
Address
6202 Nagel Road
City
Preston
State
Maryland
ZIP Code
21655
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$9.0M
Rural/Urban
Rural
Congressional District
MD-01

Loan Use Breakdown

Payroll
$300,000
Rent
$13,500
Utilities
$20,000
Health Care
$13,295
Debt Interest
$54,175

Lender Information

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

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