ADPEC INC (MD) - 2020 PPP Loan Borrower Profile (# 2437617808)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADPEC 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
2437617808
SBA Office Code
0373
Processing Method
PPP
Curent Loan Amount
$101,017
Date Loan was Approved
May 23, 2020
Amount Forgiven
$101,598.19
Date Loan was Forgiven
Dec 28, 2020
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
500
Payroll Proced
80,000
Mortgage Interest Proceed
0
Rent Proceed
2,000
Refinance EIDL Proceed
0
Health Care Proceed
17,017
Debt Interest Proceed
1,500
Lender
Manufacturers and Traders Trust Company
Business Detail
Business Type
Corporation
NAICS
446110
Borrower Location
Owings Mills, MD
Project Location
Owings Mills, MD
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
8
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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