AMERICAN COMMUNITY MANAGEMENT (MD) - 2020 PPP Loan Borrower Profile (# 8795917104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN COMMUNITY MANAGEMENT. 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

8795917104

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$784,197

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$790,298.7

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

708,197

Mortgage Interest Proceed

Rent Proceed

40,000

Refinance EIDL Proceed

Health Care Proceed

30,000

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

531390

Borrower Location

Hanover, MD

Project Location

Hanover, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.