BARNES ELECTRIC, INC. (MD) - 2020 PPP Loan Borrower Profile (# 7029187008)

Updated on April 18, 2025.

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

7029187008

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$174,518.67

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$94,115.73

Date Loan was Forgiven

Nov 10, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

174,518.67

Lender

Burke and Herbert Bank and Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

RHODESDALE, MD

Project Location

RHODESDALE, 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.