Sonco Worldwide INC

$1,757,572 PPP Loan in Beltsville, Maryland

Loan Details

Loan Number
9052307102
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,757,572
Current Approval
$1,757,572
Forgiveness Amount
$1,769,032
Forgiveness Date
Dec 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Sonco Worldwide INC
Address
6500 Ammendale Road
ZIP Code
20705
Business Type
Sole Proprietorship
Industry (NAICS)
Wholesale Trade (423510)
Business Age
Existing or more than 2 years old
Jobs Reported
131
Estimated Revenue
$40.1M
Rural/Urban
Urban
Congressional District
MD-04

Loan Use Breakdown

Payroll
$1,487,572
Rent
$80,000
Utilities
$20,000
Health Care
$90,000
Debt Interest
$80,000

Lender Information

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

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