APPLIED EQUIPMENT SOLUTIONS LLC (MD) - 2020 PPP Loan Borrower Profile (# 8410398306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLIED EQUIPMENT SOLUTIONS LLC. 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

8410398306

SBA Office Code

0373

Processing Method

PPS

Curent Loan Amount

$229,817

Date Loan was Approved

Jan 29, 2021

Amount Forgiven

$231,863.32

Date Loan was Forgiven

Jan 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

229,815

Lender

Northeast Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423730

Borrower Location

Ocean City, MD

Project Location

Ocean City, MD

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.