BAY AREA ASSOCIATES INC (MD) - 2020 PPP Loan Borrower Profile (# 9618207205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BAY AREA ASSOCIATES 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

9618207205

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$10,877.02

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$10,940.47

Date Loan was Forgiven

Nov 27, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,877.02

Payroll Proced

8,000

Lender

Fulton Bank, National Association

Business Detail

Business Type

Corporation

NAICS

236116

Borrower Location

Chesapeake City, MD

Project Location

Chesapeake City, MD

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.