South Mountain Creamery

$909,755 PPP Loan in Middletown, Maryland

Loan Details

Loan Number
9697297109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$909,755
Current Approval
$909,755
Forgiveness Amount
$918,653
Forgiveness Date
Apr 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
South Mountain Creamery
Address
8305 Bolivar Road
ZIP Code
21769
Business Type
Partnership
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
135
Estimated Revenue
$21.1M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$731,330
Utilities
$25,000
Health Care
$55,000
Mortgage Interest
$70,000
Debt Interest
$28,425

Lender Information

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

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