BAY STATE MEDICAL INC (MD) - 2020 PPP Loan Borrower Profile (# 3850017705)

Updated on April 18, 2025.

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

3850017705

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$410,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$414,785.21

Date Loan was Forgiven

Jul 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

410,000

Lender

Wells Fargo Bank, National Association

Business Detail

Business Type

Corporation

NAICS

532291

Borrower Location

HANOVER, MD

Project Location

HANOVER, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.