These Havre de Grace Businesses Got PPP Loans

HAVRE DE GRACE, 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).

The average award for PPP loan recipients in the city of Havre de Grace was $150,000 or less, Director of the Administration Patrick Sypolt said at this week's City Council meeting. The city's economic development director would go into more detail at the next council meeting about the program, he added.

Here are the businesses in Havre de Grace that earned PPP loans over $150,000, based on data released by the Small Business Administration (editor's note: they include those in Havre de Grace but outside the city limits):

$5 to $10 million: Ashley Inc. — 250 jobs retained

$1 to $2 million: Maryland Portable Concrete — 105 jobs retained

$350,000 to $1,000,000

• Acer Exhibits and Events — 38 jobs retained
• Ad Hoc Research Associates — 62 jobs retained
• Adams Chevrolet — 36 jobs retained
• Areli, Inc — 27 jobs retained
• Cynthia Brown — 50 jobs retained
• EFC Systems — 36 jobs retained
• Harco Distributors — 100 jobs retained
• Herbert Brett Friedman DDS, LLC — 16 jobs retained
• Lufburrow and Company, Inc. — 28 jobs retained
• Sci-Tech Services, Inc. — 78 jobs retained
• Seidenberg Protzko Eye Associates — 75 jobs retained
• The Harford Center Inc. — 64 jobs retained

$150,000 to $350,000

• Anderson Bus Company Inc. — 50 jobs retained
• Harford Property Services Inc. — 30 jobs retained
• MacGregor's Inc. — 46 jobs retained
• Midatlantic Benefits Group — 22 jobs retained
• MTBR Golf Course LLC — 156 jobs retained
• Pat's Pizza Stathis LLC — 47 jobs retained
• Pat's Pizza LLC — 18 jobs retained
• Smart Engineering Consultants — 11 jobs retained
• Susquehanna Workforce Network Inc. — 22 jobs retained
• Tidewater Grille Inc. — 71 jobs retained

PPP loans were established as part of the federal government's CARES Act and are similar to grants: They will be forgiven as long as businesses keep employees on the payroll and don't cut their pay. However, the money does not necessarily have to go directly to employees as long as the business keeps paying them; it can also be used to pay interest on mortgages, rent and utilities.

The U.S. Small Business Administration released data Monday showing that nearly 5 million businesses have received PPP loans totaling more than $521 billion. The U.S. Treasury says that money has supported 51.1 million jobs — as much as 84 percent of America's small business employees.

Patch editors Rich Scinto and David Copeland contributed to this report.

This article has been updated.