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Cato INC

$1,102,367 PPP Loan in Salisbury, Maryland

Loan Details

Loan Number
9520337102
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,102,367
Current Approval
$1,102,367
Forgiveness Amount
$1,110,159
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cato INC
Address
1004 Parsons Rd
City
Salisbury
State
Maryland
ZIP Code
21801
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
81
Estimated Revenue
$20.8M
Rural/Urban
Urban
Congressional District
MD-01

Loan Use Breakdown

Payroll
$850,379
Rent
$124,717
Utilities
$13,000
Health Care
$59,976
Mortgage Interest
$16,873
Debt Interest
$37,422

Lender Information

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

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