ACTION ELECTRICAL CONTRACTORS INC (MD) - 2020 PPP Loan Borrower Profile (# 1396998506)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION ELECTRICAL CONTRACTORS 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

1396998506

SBA Office Code

0373

Processing Method

PPS

Curent Loan Amount

$792,585

Date Loan was Approved

Feb 18, 2021

Amount Forgiven

$798,221.16

Date Loan was Forgiven

Nov 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

792,585

Lender

PNC Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

Aberdeen, MD

Project Location

Aberdeen, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.