8701 RAM INC (MD) - 2020 PPP Loan Borrower Profile (# 5437548506)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 8701 RAM 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

5437548506

SBA Office Code

0353

Processing Method

PPS

Curent Loan Amount

$544,740

Date Loan was Approved

Feb 27, 2021

Amount Forgiven

$552,157.42

Date Loan was Forgiven

Jul 13, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

544,739

Lender

Sandy Spring Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

Silver Spring, MD

Project Location

Silver Spring, 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.