BAY STEEL, INC. (MD) - 2020 PPP Loan Borrower Profile (# 6896517004)

Updated on April 18, 2025.

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

6896517004

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$46,700

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$47,078.79

Date Loan was Forgiven

Feb 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,320

Payroll Proced

37,420

Mortgage Interest Proceed

6,960

Lender

Hebron Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

332111

Borrower Location

SALISBURY, MD

Project Location

SALISBURY, MD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.