ALCO PRODUCTS COMPANY, INC. (MD) - 2020 PPP Loan Borrower Profile (# 3820097205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALCO PRODUCTS COMPANY, 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

3820097205

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$150,962.5

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$152,530.03

Date Loan was Forgiven

May 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

105,673.75

Mortgage Interest Proceed

Rent Proceed

30,192.5

Health Care Proceed

15,096.25

Lender

American Express National Bank

Business Detail

Business Type

Corporation

NAICS

453930

Borrower Location

North Bethesda, MD

Project Location

North Bethesda, 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.