ACADEMY CHILD DEVELOPMENT CENTER INC. (MD) - 2020 PPP Loan Borrower Profile (# 3116228504)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADEMY CHILD DEVELOPMENT CENTER 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

3116228504

SBA Office Code

0353

Processing Method

PPS

Curent Loan Amount

$444,000

Date Loan was Approved

Feb 23, 2021

Amount Forgiven

$449,072.55

Date Loan was Forgiven

Apr 19, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

443,997

Lender

Sandy Spring Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

624410

Borrower Location

Rockville, MD

Project Location

Rockville, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.