Coronavirus Paycheck Protection Loans In MD: Where The Money Went
MARYLAND — Nearly 5 million businesses have received more than $521 billion in loans through the Paycheck Protection Program (PPP), according to new data from the U.S. Small Business Administration and U.S. Treasury. In Maryland, organizations from consulting firms to dentists to restaurants to private schools to construction companies received PPP loans.
Businesses affected by the coronavirus pandemic were able to apply for the federal funds to help keep employees on the payroll.
That money has supported 51.1 million jobs — as much as 84 percent of America's small business employees — according to the U.S. Treasury.
Here is a searchable database of Maryland businesses that received PPP loans over $150,000.
In Maryland, officials said 86 organizations received PPP loans from $5 million to $10 million:
A Morton Thomas & Associates Inc.; Rockville
Acell, Inc.; Columbia
Adfinitas Health, LLC; Hanover
American Youth Hostels, Inc.; Silver Spring
Aronson LLC; Rockville
Ashley, Inc.; Havre de Grace
Boland Trane Services, Inc.; Gaithersburg
Business Integra Technology Solutions; Bethesda
Capital Digestive Care, LLC; Silver Spring
Capreit Operating Limited Partnership; Rockville
CARE Ventures; Cumberland
Carey International, Inc.; Frederick (approved April 11)
Carey International; Frederick (approved June 30)
Catalyst Solutions Inc.; Baltimore
Chase Brexton Health Services, Inc.; Baltimore
CJ MILLER, LLC; Hampstead
ClearOne Advantage LLC; Baltimore
Community Support Services, Inc.; Gaithersburg
Corporate Brokers, LLC; Annapolis
Cummins-Wagner Company, Inc.; Annapolis Junction
D A C Acquisition Company, LLC; Laurel
Delaware Elevator Inc.; Salisbury
Diamond Comic Distributors, Inc.; Hunt Valley
Dixie Construction Co., Inc.; Churchville
FEI.COM, Inc.; Columbia
First Home Mortgage Corporation; Baltimore
G3 Technologies Inc.; Columbia
GMS Mine Repair and Maintenance, Inc.; Oakland
Grunley Construction Co., Inc.; Rockville
GSE Systems, Inc.; Sykesville
H.I.S. LLC; Laurel
HomeCentris Health Care LLC; Owings Mills
Homeside Financial LLC; Columbia
Hord Coplan Macht, Inc.; Baltimore
Independent Can Company; Belcamp
Ironnet Cybersecurity Inc.; Fulton
James G. David Construction Corporation; Rockville
Karon Masonry of Maryland, Inc.; Laurel
Kogok Corporation; Upper Marlboro
Lecco Pipe Line Co. LLC; Elkton
Lemek LLC; Elkridge
Lerner Corporation; Rockville
Library Systems & Services Holdings LLC; Rockville
M-L Holdings Crane Group LLC; Baltimore
Maryland Oncology Hematology PA; Silver Spring
Maslow Medica Group; Rockville
McDonogh School, Inc.; Owings Mills
Miles & Stockbridge; Baltimore
Mission BBQ Management LLC; Glen Burnie
MNR Industries LLC; Bel Air
Morgan-Keller Inc.; Frederick
NB&C Master Holdco LLC; Elkridge
New Day Financial; Fulton
NewWave Telecom and Technologies; Elkridge
Offit Kurman, P.A.; Fulton
PF Growth Partners, LLC: Lutherville-Timonium
Powercon Corporation; Severn
Precise Systems Inc.; Lexington Park
PT Network LLC; Towson
Reliable Contracting Co., Inc.; Gambrills
Resource Management Concepts Inc.; Lexington Park
RMF Engineering Inc.; Catonsville
SC&H Group, Inc.; Sparks
Sea Watch International; Easton
Senseonics Incorporation; Germantown
Service Coordination Inc.; Frederick
Shapiro & Duncan Inc.; Rockville
Sherri J. Dale McGee DDS; Jessup
Silver Diner Development LLC; Rockville
Skyline Technology Solutions LLC; Glen Burnie
Smartlink Holdings LLC; Annapolis
Smith Industries Inc.; Capitol Heights
Social Solutions International Inc.; Rockville
Southern Maryland Electric Cooperative Inc.; Hughesville
Sparks Personnel Services, Inc.; Rockville
St. Mary's College of Maryland; St. Mary's City
Systems Application & Technologies, Inc.; Largo
Telligent Masonry LLC; Rockville
The RC Group; Annapolis
Thompson Creek Window Company; Lanham
Three Lower Counties Community Services Inc.; Salisbury
TWP Enterprises Inc.; Gaithersburg
Vision Technologies, Inc.; Glen Burnie
Westminster Ingleside King Farm Presbyterian Retirement Communities; Rockville
Whiteford, Taylor & Preston LLP; Baltimore
Z Systems Corporation; Greenbelt
PPP loans were established as part of the federal government's CARES Act and are similar to grants.
According to the Small Business Administration, PPP loans have an interest rate of 1 percent and can be fully forgiven if used for payroll costs, interest on mortgages, rent and utilities.
Patch editors Rich Scinto and David Copeland contributed to this report.
This article originally appeared on the Baltimore Patch