BAY AREA ELECTRIC INC. (MD) - 2020 PPP Loan Borrower Profile (# 6934528408)

Updated on April 18, 2025.

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

6934528408

SBA Office Code

0373

Processing Method

PPS

Curent Loan Amount

$23,000

Date Loan was Approved

Feb 11, 2021

Amount Forgiven

$23,158.16

Date Loan was Forgiven

Oct 29, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

22,999

Lender

The Queenstown Bank of Maryland

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

Church Hill, MD

Project Location

Church Hill, MD

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.