ATLANTIC ELECTRIC LLC (MD) - 2020 PPP Loan Borrower Profile (# 2763867307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ATLANTIC ELECTRIC 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

2763867307

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$14,534

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$14,630.76

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

14,534

Lender

Bank of Ocean City

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

OCEAN CITY, MD

Project Location

OCEAN CITY, MD

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.