AKVARR INC (MD) - 2020 PPP Loan Borrower Profile (# 7696567106)

Updated on April 18, 2025.

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

7696567106

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$1,409,577

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$1,424,831.33

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

1,409,577

Mortgage Interest Proceed

Rent Proceed

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541511

Borrower Location

Gaithersburg, MD

Project Location

Gaithersburg, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.