Verbal Beginnings

$1,674,287 PPP Loan in Columbia, Maryland

Loan Details

Loan Number
8803007103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,674,287
Current Approval
$1,361,108
Forgiveness Amount
$1,378,299
Forgiveness Date
Aug 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Verbal Beginnings
Address
7090 Samuel Morse Dr Suite 100
ZIP Code
21046
Business Type
Subchapter S Corporation
Industry (NAICS)
Health Care and Social Assistance (621610)
Business Age
Existing or more than 2 years old
Jobs Reported
158
Estimated Revenue
$27.1M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$1,229,654
Rent
$84,546
Utilities
$5,284
Health Care
$39,021
Debt Interest
$2,603

Lender Information

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

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