AMERICAN GROUP CONTRACTORS INC (MD) - 2020 PPP Loan Borrower Profile (# 3101697201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN GROUP CONTRACTORS 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

3101697201

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$415,777

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$418,727.31

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

415,777

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

236220

Borrower Location

BELTSVILLE, MD

Project Location

BELTSVILLE, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.