AFRICAN PALACE LLC (MD) - 2020 PPP Loan Borrower Profile (# 6908538407)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AFRICAN PALACE LLC. 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

6908538407

SBA Office Code

0353

Processing Method

PPS

Curent Loan Amount

$42,812

Date Loan was Approved

Feb 11, 2021

Amount Forgiven

$43,020.78

Date Loan was Forgiven

Aug 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

42,807

Lender

Sandy Spring Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

Gaithersburg, MD

Project Location

Gaithersburg, 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.