APPARATUS REPAIR & ENGINEERING, INC (MD) - 2020 PPP Loan Borrower Profile (# 5571497106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPARATUS REPAIR & ENGINEERING, 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

5571497106

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$174,947

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$175,884.91

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

131,210.25

Rent Proceed

43,736.75

Lender

Fulton Bank, National Association

Business Detail

Business Type

Corporation

NAICS

811310

Borrower Location

Hagerstown, MD

Project Location

Hagerstown, 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.