AMARONE INC (MD) - 2020 PPP Loan Borrower Profile (# 8851467106)

Updated on April 18, 2025.

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

8851467106

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$53,400

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$53,955.95

Date Loan was Forgiven

May 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,825

Payroll Proced

27,975

Mortgage Interest Proceed

Rent Proceed

6,000

Refinance EIDL Proceed

Health Care Proceed

3,600

Debt Interest Proceed

6,000

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

Cumberland, MD

Project Location

Cumberland, MD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.