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Hertco, Inc.

$581,200 PPP Loan in Dover, Delaware

Loan Details

Loan Number
9885897109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$581,200
Current Approval
$581,200
Forgiveness Amount
$586,630
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hertco, Inc.
Address
1378 South Dupont Highway
City
Dover
State
Delaware
ZIP Code
19901
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
DE-

Loan Use Breakdown

Payroll
$436,953
Rent
$40,000
Utilities
$8,100
Health Care
$29,000
Debt Interest
$67,147

Lender Information

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

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