BAY CARPETS INC (MD) - 2020 PPP Loan Borrower Profile (# 5728417005)

Updated on April 18, 2025.

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

5728417005

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$34,700

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$35,040.35

Date Loan was Forgiven

Apr 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

34,700

Lender

Shore United Bank, National Association

Business Detail

Business Type

Corporation

NAICS

238330

Borrower Location

QUEENSTOWN, MD

Project Location

QUEENSTOWN, MD

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.