A R ELECTRICAL SOLUTIONS INC (MD) - 2020 PPP Loan Borrower Profile (# 6108507709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A R ELECTRICAL SOLUTIONS INC. 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

6108507709

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$106,177

Date Loan was Approved

May 1, 2020

Amount Forgiven

$107,046.78

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

106,177

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

GAITHERSBURG, MD

Project Location

GAITHERSBURG, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.