ACADEMY FORD SALES (MD) - 2020 PPP Loan Borrower Profile (# 9597257002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADEMY FORD SALES. 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

9597257002

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$843,005

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$854,783.97

Date Loan was Forgiven

Sep 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

843,005

Lender

Sandy Spring Bank

Business Detail

Business Type

Partnership

NAICS

441110

Borrower Location

LAUREL, MD

Project Location

LAUREL, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.