ADELL PLASTICS INC (MD) - 2020 PPP Loan Borrower Profile (# 1524397807)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADELL PLASTICS 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

1524397807

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$404,190

Date Loan was Approved

May 21, 2020

Amount Forgiven

$407,567.48

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

404,190

Lender

First National Bank of Pennsylvania

Business Detail

Business Type

Subchapter S Corporation

NAICS

325211

Borrower Location

HALETHORPE, MD

Project Location

HALETHORPE, MD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.