ARCTIC INNOVATION SYSTEMS (MD) - 2020 PPP Loan Borrower Profile (# 6455277303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCTIC INNOVATION SYSTEMS. 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

6455277303

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$57,559

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$58,117.24

Date Loan was Forgiven

Apr 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

57,559

Lender

Sandy Spring Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238220

Borrower Location

SILVER SPRING, MD

Project Location

SILVER SPRING, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.