2401 RESTAURANT CORPORATION (MD) - 2020 PPP Loan Borrower Profile (# 6018157010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2401 RESTAURANT CORPORATION. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Maryland.

Loan Detail

Loan Number

6018157010

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$359,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$278,198.36

Date Loan was Forgiven

Aug 5, 2021

Loan Status

Exemption 4

Loan Term

59 Months

Payroll Proced

359,000

Lender

United Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

KENSINGTON, MD

Project Location

KENSINGTON, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.