AMERICAN MARINE & CARGO, INC. (MD) - 2020 PPP Loan Borrower Profile (# 3398097808)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN MARINE & CARGO, 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

3398097808

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$79,500

Date Loan was Approved

May 26, 2020

Amount Forgiven

$80,262.33

Date Loan was Forgiven

May 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

67,500

Mortgage Interest Proceed

Rent Proceed

2,000

Refinance EIDL Proceed

Health Care Proceed

10,000

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

488390

Borrower Location

Baltimore, MD

Project Location

Baltimore, MD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.