Business & Tech

Perry Hall Businesses That Got PPP Loans Over $150K

These Perry Hall businesses received the largest government coronavirus loans in the area.

PERRY HALL, MD — Thousands of organizations in Maryland received loans through the Paycheck Protection Program (PPP), including some in Perry Hall. 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 are the businesses in Perry Hall that received the largest PPP loans:

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$2–5 million: Superior Staffing Solutions; 300 jobs retained

$350,000–$1 million

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  • Chesapeake Pediatric Dental Group; 37 jobs retained
  • Gill Equity Holding; 28 jobs retained
  • Perry Hall Heating, Air Conditioning & Plumbing; 40 jobs retained
  • Superior Design & Restoration; 31 jobs retained
  • White Marsh Child Care Center; 56 jobs retained

$150,000–$350,000

  • Agasti LLC; 10 jobs retained
  • Buona Fortuna; 47 jobs retained
  • Charter Senior Living Perry Hall; 67 jobs retained
  • Cinco Construction; 22 jobs retained
  • Imaging Services; 13 jobs retained
  • Looney's Pub at Perry Hall; 91 jobs retained
  • Societa Inc.; 48 jobs retained
  • Stephen R. Feit, D.D.S. and Associates; 21 jobs retained
  • The Young School at White Marsh Perry Hall: 34 jobs retained

Here is a searchable database of Maryland businesses that received PPP loans over $150,000.

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.

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