ALASON ELECTRICAL CONTRACTORS INC (MD) - 2020 PPP Loan Borrower Profile (# 4449337106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALASON ELECTRICAL CONTRACTORS 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

4449337106

SBA Office Code

0373

Processing Method

PPP

Curent Loan Amount

$491,422

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$494,532.1

Date Loan was Forgiven

Dec 9, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

355,000

Rent Proceed

10,000

Health Care Proceed

126,422

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

MILLERSVILLE, MD

Project Location

MILLERSVILLE, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.