Southern Insulation, Inc.

$1,253,587 PPP Loan in Bladensburg, Maryland

Loan Details

Loan Number
8821877110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,253,587
Current Approval
$1,253,587
Forgiveness Amount
$1,264,062
Forgiveness Date
Feb 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Southern Insulation, Inc.
Address
5218 Monroe Street
ZIP Code
20710
Business Type
Subchapter S Corporation
Industry (NAICS)
Administrative and Support and Waste Management (562910)
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$16.1M
Rural/Urban
Urban
Congressional District
MD-04

Loan Use Breakdown

Payroll
$1,131,528
Rent
$30,000
Utilities
$7,000
Health Care
$85,059

Lender Information

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

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