Lanco Dairy Farms Co-Op, Inc.

$1,841,459 PPP Loan in Hagerstown, Maryland

Loan Details

Loan Number
8737967110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,841,459
Current Approval
$1,841,458
Forgiveness Amount
$1,855,218
Forgiveness Date
Jan 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lanco Dairy Farms Co-Op, Inc.
Address
1258 Maryland Ave
ZIP Code
21740
Business Type
Cooperative
Industry (NAICS)
Manufacturing (311511)
Business Age
Existing or more than 2 years old
Jobs Reported
123
Estimated Revenue
$43.4M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$1,381,094
Utilities
$230,364
Mortgage Interest
$230,000

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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