ASSATEAGUE COASTAL TRUST, INC (MD) - 2020 PPP Loan Borrower Profile (# 4219427201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ASSATEAGUE COASTAL TRUST, 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

4219427201

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$31,370

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$31,700.89

Date Loan was Forgiven

May 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

31,370

Lender

Bank of Ocean City

Business Detail

Business Type

Non-Profit Organization

NAICS

813211

Borrower Location

BERLIN, MD

Project Location

BERLIN, 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.