PPP loans in Caroline County, Maryland

Name: Caroline County, Maryland
Address: MD, US

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 811 Paycheck Protection Program loans for businesses it recorded in Caroline County, $64.0 million in all.

Caroline County, as of September 30, 2024

$64.0 million
Approved: $63,969,694; 0.4% of the $15.0 billion approved in Maryland.; 811
Loans: 654 first draws and 157 second draws.; 96.7%
Forgiven: 784 of 811 loans carry a forgiveness amount, $64.1 million in all.; 2.2%
Charged off: 18 of 811 loans, approved for $220.1 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Caroline County · 2020–21

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The largest borrowers in Caroline County, 2020–21
Rank	Name	USD	Loans
1	Choptank Transport, Inc, Preston	$4.7 million$4,744,400	1
2	The Benedictine School For Exceptional Children Inc, Ridgely	$4.5 million$4,456,900	1
3	Choptank Electric Cooperative, Inc., Denton	$4.0 million$3,977,632	1
4	Choptank Community Health System, Inc., Denton	$3.2 million$3,196,305	1
5	Tri-Gas & Oil Co., Inc., Federalsburg	$1.8 million$1,756,142	1
6	M&M Refrigeration, Inc., Federalsburg	$1.6 million$1,646,700	1
7	Service Today Inc, Federalsburg	$1.4 million$1,403,600	1
8	M&M Refrigeration Inc, Federalsburg	$1.4 million$1,378,200	1
9	Lywood Electric Inc., Federalsburg	$1.1 million$1,092,145	1
10	Lywood Electric Inc., Federalsburg	$1.1 million$1,079,770	1
11	Caroline Center, Inc., Ridgely	$1.0 million$1,044,700	1
12	Axis Health At Caroline Opco LLC, Denton	$953.6 thousand$953,615	1
13	Shoreline Vinyl Systems, Inc, Denton	$923.1 thousand$923,130	1
14	Unisite Design Inc., Denton	$765.1 thousand$765,100	1
15	Rock Creek Line Construction Inc, Greensboro	$680.5 thousand$680,472	1
16	Sisk Fulfillment Service, Inc., Federalsburg	$645.9 thousand$645,900	1
17	Johnson Sewer & Drain Contract, Denton	$571.2 thousand$571,230	1
18	Cw Transport, LLC, Federalsburg	$558.8 thousand$558,755	1
19	Preston Management Group Inc., Preston	$531.6 thousand$531,613	1
20	Johnson Sewer & Drain Cont. Inc., Denton	$484.9 thousand$484,901	1
21	Quality Repair & Maintenance Services LLC, Greensboro	$443.9 thousand$443,880	2
22	Nagel Farm Service Inc., Preston	$401.0 thousand$400,970	1
23	Towers Concrete Products Inc., Denton	$400.0 thousand$400,000	1
24	Hlt Consulting & Contracting Inc, Greensboro	$381.0 thousand$381,000	1
24	Hlt Consulting & Contracting, Inc, Greensboro	$381.0 thousand$381,000	1
26	Valpac Inc, Federalsburg	$380.0 thousand$380,000	1
27	Joseph R. Smith Inc, Denton	$362.5 thousand$362,500	1
28	D.W. Masonry Inc., Denton	$350.7 thousand$350,700	1
29	Bilbrough's Electric Inc., Denton	$342.7 thousand$342,736	1
30	Comfort Plus Services, LLC, Federalsburg	$339.8 thousand$339,790	1
31	Service Today Corporate LLC, Federalsburg	$337.1 thousand$337,100	1
32	Valpac Inc, Federalsburg	$327.1 thousand$327,135	1
33	Homestead Manor Operating, LLC, Denton	$323.9 thousand$323,900	1
34	Tanglewood Conservatories Ltd, Denton	$320.8 thousand$320,842	1
35	Tanglewood Conservatories, Ltd, Denton	$304.0 thousand$304,000	1
36	Trenton Pipe Nipple Company, LLC, Federalsburg	$303.2 thousand$303,200	1
37	Sparkle Pools, Inc., Denton	$292.1 thousand$292,069	1
38	J Richard Breeding Excavating Inc., Denton	$278.6 thousand$278,600	1
39	Bilbrough's Electric Inc, Denton	$276.8 thousand$276,800	1
40	Coastal Aluminum Manufacturing, LLC, Denton	$276.0 thousand$276,003	1
41	Bob Breeding General Contractors, LLC, Denton	$269.1 thousand$269,111	1
42	East Of The Bay LLC, Federalsburg	$267.7 thousand$267,700	1
43	Accutrench Contracting, LLC., Federalsburg	$248.7 thousand$248,690	1
44	Red Ent Inc, Ridgely	$248.7 thousand$248,658	1
45	The Great Gourmet, Inc., Federalsburg	$241.9 thousand$241,915	2
46	Wayside Operations, Inc., Denton	$231.6 thousand$231,600	1
47	East Of The Bay Logistics LLC, Federalsburg	$231.0 thousand$230,960	1
48	Conner, Inc., Denton	$220.3 thousand$220,262	1
49	Golden Denton, LLC, Denton	$214.2 thousand$214,177	1
50	Accounting Strategies Group, LLC, Preston	$210.5 thousand$210,500	1
51	Tuckahoe Underground, LLC, Federalsburg	$200.3 thousand$200,267	1
52	Market Street Public House LLC, Denton	$199.5 thousand$199,544	1
53	M & L Truck Service, LLC., Federalsburg	$198.7 thousand$198,700	1
54	Hertrich Automobile Corporation, Denton	$187.8 thousand$187,800	1
55	Lifetime Well Drilling Co, Denton	$182.2 thousand$182,230	1
56	The Maryland And Delaware Railroad, Federalsburg	$182.0 thousand$182,000	1
57	The Maryland And Delaware Railroad Company, Federalsburg	$176.2 thousand$176,211	1
58	Md Mechanical, LLC, Greensboro	$172.5 thousand$172,505	1
59	Schrader's LLC, Henderson	$171.9 thousand$171,927	2
60	Armor Trailer Sales & Service, Inc., Federalsburg	$170.3 thousand$170,282	1
61	Hoffman Irrigation LLC, Federalsburg	$168.6 thousand$168,629	1
62	Hoffman Irrigation, LLC, Federalsburg	$156.9 thousand$156,887	1
63	Foam Works LLC, Ridgely	$156.3 thousand$156,290	2
64	Justins Performance Center, Denton	$155.9 thousand$155,892	1
65	McConnell Agronomics, Inc., Denton	$152.1 thousand$152,129	1
66	Golden Federalsburg, LLC, Federalsburg	$149.4 thousand$149,385	1
67	Lorry Industries, LLC, Denton	$148.9 thousand$148,900	1
68	Shore Way Inc, Denton	$148.6 thousand$148,600	1
69	Justin's Performance Center Inc, Denton	$147.5 thousand$147,500	1
70	Ak Hauling LLC, Denton	$146.8 thousand$146,760	1
70	Ak Hauling LLC, Denton	$146.8 thousand$146,760	1
72	Coldmaster Refrigeration Service, Inc., Preston	$146.7 thousand$146,693	1
73	Hobbs Contractors Inc., Denton	$145.5 thousand$145,538	1
74	Holsinger & Higgins Pc, Denton	$145.5 thousand$145,532	1
75	Hobbs Contractors, Inc., Denton	$144.0 thousand$144,000	1
76	Meadowbrook Homes Inc., Ridgely	$139.7 thousand$139,685	1
77	Market Street Public House, LLC, Denton	$135.8 thousand$135,783	1
78	Oakland View Farms LLC, Ridgely	$135.7 thousand$135,700	1
79	Red Enterprises Inc, Ridgely	$132.2 thousand$132,233	1
80	Maryland Envy Westminster Inc, Ridgely	$131.2 thousand$131,228	1
81	Wye Nursery Inc., Hillsboro	$125.0 thousand$125,000	1
82	Tarjet Hauling LLC, Denton	$120.0 thousand$120,000	1
83	Choptank Excavating LLC, Denton	$116.3 thousand$116,250	1
84	Mathews Brothers, LLC, Denton	$115.2 thousand$115,200	1
85	Cahall Construction LLC, Preston	$112.0 thousand$112,026	1
86	Cahall Construction, LLC, Preston	$112.0 thousand$112,025	1
87	Mathews Brothers LLC, Denton	$111.8 thousand$111,830	1
88	Advantage Rehab, Inc, Greensboro	$111.5 thousand$111,525	1
89	Choptank Excavating, LLC., Denton	$111.2 thousand$111,175	1
90	Joseph S Knaggs LLC, Greensboro	$110.8 thousand$110,845	1
91	Meadowbrook Homes, Inc., Ridgely	$110.0 thousand$110,000	1
92	Red Enterprises Incorporated, Ridgely	$109.3 thousand$109,330	1
93	Bullocks Deli, Inc., Denton	$108.8 thousand$108,819	1
94	404 Auto Repair, Inc., Denton	$108.1 thousand$108,100	1
95	Hayman Storage & Transfer, Ridgely	$107.8 thousand$107,763	1
96	Shorely Comfortable Air, LLC, Denton	$103.0 thousand$103,000	1
97	P And M Hydraulics Inc, Preston	$102.5 thousand$102,500	1
98	Judge Yachts, Inc., Denton	$101.8 thousand$101,800	1
99	Preston Family Physicians, P.A., Preston	$100.9 thousand$100,909	1
100	Joseph S Knaggs, Greensboro	$100.3 thousand$100,300	1

How the list is drawn

100 of the 767 borrowers ranked in Caroline County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
A borrower is ranked here when SBA recorded its first loan in Caroline County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026

Data retrieved September 23, 2026

Caroline County, as of September 30, 2024

The largest borrowers in Caroline County · 2020–21

How the list is drawn

Related

Sources