Versatech, INC

$2,659,737 PPP Loan in Savage, Maryland

Loan Details

Loan Number
8758457000
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$2,659,737
Current Approval
$2,659,737
Forgiveness Amount
$2,690,051
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Versatech, INC
Address
8510 Corridor Road
City
Savage
ZIP Code
20763-9500
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541512)
Business Age
Existing or more than 2 years old
Jobs Reported
130
Estimated Revenue
$26.9M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$2,561,387
Rent
$97,053
Utilities
$1,296

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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