APISOURCE, INC. (MD) - 2020 PPP Loan Borrower Profile (# 8795347001)

Updated on April 18, 2025.

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

8795347001

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$1,265,580

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$1,280,108.16

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

50,396

Payroll Proced

1,140,008

Rent Proceed

75,176

Lender

Sandy Spring Bank

Business Detail

Business Type

Corporation

NAICS

541890

Borrower Location

GREENBELT, MD

Project Location

GREENBELT, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

150

Business Age Description

Existing or more than 2 years old

Data Source: SBA.