ADAMS AUTOMOTIVE INC (MD) - 2020 PPP Loan Borrower Profile (# 1026267103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAMS AUTOMOTIVE 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

1026267103

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$315,050

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$317,535.39

Date Loan was Forgiven

Jan 27, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

315,050

Lender

Truist Bank

Business Detail

Business Type

Cooperative

NAICS

441110

Borrower Location

ANNAPOLIS, MD

Project Location

ANNAPOLIS, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.