ANNAPOLIS CARS, INC. (MD) - 2020 PPP Loan Borrower Profile (# 1026517106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANNAPOLIS CARS, 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

1026517106

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$553,922

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$561,099.6

Date Loan was Forgiven

Aug 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,000

Payroll Proced

423,607

Mortgage Interest Proceed

Rent Proceed

101,790

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

19,525

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

ANNAPOLIS, MD

Project Location

ANNAPOLIS, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.