AUTO ELECTRIC INC (MD) - 2020 PPP Loan Borrower Profile (# 9691927107)

Updated on April 18, 2025.

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

9691927107

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$75,200

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$75,686.22

Date Loan was Forgiven

Dec 15, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,013

Payroll Proced

56,377

Mortgage Interest Proceed

Rent Proceed

8,602

Refinance EIDL Proceed

Health Care Proceed

6,208

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

441310

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.