BABS CONSTRUCTION INC (MD) - 2020 PPP Loan Borrower Profile (# 3959008408)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BABS CONSTRUCTION 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

3959008408

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$20,300.2

Date Loan was Approved

Feb 5, 2021

Amount Forgiven

$20,472.19

Date Loan was Forgiven

Dec 21, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

20,295.2

Lender

Truist Bank

Business Detail

Business Type

Corporation

NAICS

238350

Borrower Location

Mitchellville, MD

Project Location

Mitchellville, MD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.