See Which Crofton Businesses Received PPP Loans

Crofton MD

08 July, 2020

4:35 PM

Description

CROFTON, MD — Businesses affected by the coronavirus pandemic were able to apply for federal relief through the U.S. Small Business Administration and U.S. Treasury's Paycheck Protection Program (PPP). In Crofton, there were numerous businesses receiving amounts reaching in the millions. The Small Business Administration has released loan-level data for loan recipients of $150,000 or above, including business names, addresses, ZIP codes, business type, demographic data, non-profit information, name of lender, jobs supported and loan amounts. The same data was also released for loan recipients totaling less than $150,000, except for business names and addresses. PPP loans were established as part of the federal government's CARES Act and are similar to grants. The loans have an interest rate of 1 percent and can be fully forgiven if used for payroll costs, interest on mortgages, rent and utilities. Businesses with loan amounts between $150,000 and $10 million account for nearly 75 percent of approved loan dollars, according to the Small Business Administration. Here are the businesses in Crofton that earned PPP loans totaling more than $1 million, based on data released by the Small Business Administration. Here are the businesses in that earned PPP loans over $1 million, based on data released by the Small Business Administration. $2 million to $5 million CROFTON CONVALESCENT CENTERDELMARVA SITE DEVELOPMENT, INC.PCASI HOLDINGS LLC$1 million to $2 million ANGEL MANAGEMENT INCCARUSO HOMES, INC.FAIN-PADGETT INSULATION INCHABCO ELECTRICAL GROUP INCPATUXENT MATERIALS INCSPECIFIED ELECTRICAL SYSTEMS, LLCVIA INC$350,000 to $1 million ABS VERTICON INCBRADLEIGH APPLICATIONS INCCITY GENERAL INC.CROFTON PRINCESS LLCCYNERGY ELECTRIC COMPANY INCEASTERN FIRE PROTECTION SERVICES INC.G.L. HOLLINGSWORTH, LLCGROVE HEATING AND COOLING INCHARBOR ROOFING AND CONTRACTING, INC.HAWK INSTITUTE FOR SPACE SCIENCES, LLCHERITAGE MECHANICAL LLCINTERACTIVE TOUCHSCREEN SOLUTIONS, INC.JAY VENDING COJSD CLEANING SERVICES, INC.LORENZO CONSTRUCTION COMPANY LLCMARYLAND ELEVATOR SERVICES, INCMY MORTGAGE INCPEAKE TECHNOLOGY PARTNERS, LLCPEDIATRIC GROUP, LLCPETROLEUM RECOVERY & REMEDIATION MANAGEMENT, INC.RUNEMASTER, LLCT & B ELECTRIC CO INCTANG ELECTRIC, INC.TUCKER CONSTRUCTION GROUP INCUNITED ENERGY PRODUCTS, INC.VIGIL CONTRACTING INCWELLS & ASSOCIATES, INC