B.W. HOVERMILL COMPANY INC (MD) - 2020 PPP Loan Borrower Profile (# 6232478706)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B.W. HOVERMILL COMPANY 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

6232478706

SBA Office Code

0373

Processing Method

PPS

Curent Loan Amount

$458,485

Date Loan was Approved

Apr 3, 2021

Amount Forgiven

$462,267.5

Date Loan was Forgiven

Jan 31, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

458,482

Lender

Truist Bank

Business Detail

Business Type

Corporation

NAICS

238330

Borrower Location

Hanover, MD

Project Location

Hanover, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.