Lems Contracting Company, Inc.

$325,500 PPP Loan in Aberdeen, Maryland

Loan Details

Loan Number
9345877200
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$325,500
Current Approval
$325,500
Forgiveness Amount
$329,888
Forgiveness Date
Sep 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lems Contracting Company, Inc.
Address
1500 South Philadelphia Boulevard Front
ZIP Code
21001
Business Type
Corporation
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$7.5M
Rural/Urban
Urban
Congressional District
MD-01

Loan Use Breakdown

Payroll
$290,500
Rent
$5,000
Utilities
$5,000
Health Care
$20,000
Debt Interest
$5,000

Lender Information

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

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