ADS FOODS INC (MD) - 2020 PPP Loan Borrower Profile (# 8317457103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADS FOODS 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

8317457103

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$72,500

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$73,040.27

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,000

Payroll Proced

50,500

Mortgage Interest Proceed

Rent Proceed

14,000

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

722513

Borrower Location

Frederick, MD

Project Location

Frederick, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.