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PPP loans in Worcester County, Maryland

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 2,483 Paycheck Protection Program loans for businesses it recorded in Worcester County, $191.9 million in all.

Worcester County, as of September 30, 2024

$191.9 million
Approved
$191,882,956
1.3% of the $15.0 billion approved in Maryland.
2,483
Loans
1,784 first draws and 699 second draws.
96.6%
Forgiven
2,399 of 2,483 loans carry a forgiveness amount, $188.8 million in all.
2.3%
Charged off
57 of 2,483 loans, approved for $2.4 million. That is the loans' size, not what SBA lost.

The largest borrowers in Worcester County · 2020–21

1 more column on a wider screen

The largest borrowers in Worcester County, 2020–21
RankNameUSD
1O.C.Seacrets Inc, Ocean City$2.0 million
2O.C. Seacrets, Inc, Ocean City$1.8 million
3Lpb-Oc Hotel Limited Partnership, Ocean City$1.8 million
4Real Hospitality Group, Ocean City$1.7 million
5Harrison Inn Sixty Six Inc, Ocean City$1.5 million
6Kelly Foods Corporation, Berlin$1.4 million
794Th Street Beer & Wine Inc., Ocean City$1.4 million
8Ropewalk Oc LLC, Ocean City$1.4 million
9Fagers Island Ltd, Ocean City$1.4 million
10Nutters Crossing Golf Course Inc, Berlin$1.3 million
11L.P.B.-O.C. Hotel Limited Partnership, Ocean City$1.3 million
12Karl LLC, Berlin$1.3 million
13Real Hospitality Group LLC, Ocean City$1.2 million
14Ocean Pines Assocation, Berlin$1.1 million
15Bahia Management LLC, Ocean City$1.1 million
16Njg Food Service Inc, Ocean City$1.1 million
17Sunset Grille LLC, Ocean City$1.1 million
1891St St. Joint Venture LLC, Ocean City$1.1 million
19Royal Plus Inc., Snow Hill$1.0 million
20Royal Plus, Inc., Snow Hill$1.0 million
21Worcester Preparatory School Inc., Berlin$1.0 million
22Worcester Preparatory School, Inc., Berlin$1.0 million
23Fagers Island Ltd, Ocean City$998.9 thousand
2494Th Street Beer & Wine, Inc., Ocean City$994.5 thousand
25Candy Kitchen Shoppes Inc, Ocean City$991.0 thousand
26Oc Freddies LLC, Ocean City$940.4 thousand
27Blue Water Development Corporation, Ocean City$928.5 thousand
28Hale And John Harrison Ptr, Ocean City$901.5 thousand
29Genesar Inc, Ocean City$898.9 thousand
30Franchise Management Services Inc, Ocean City$857.2 thousand
31The Heise Corporation, Ocean City$851.7 thousand
32Castle In The Sand Inc, Ocean City$846.3 thousand
33Bay Shore Development Corp, Ocean City$837.7 thousand
34Harrison Inn Stardust Preferred LLC, Ocean City$829.0 thousand
35Hardwire, LLC, Pocomoke City$828.6 thousand
36Sunset Grille, LLC, Ocean City$780.8 thousand
3791St St Joint Venture LLC, Ocean City$775.6 thousand
38Worcester County Developmental Center Inc., Newark$748.9 thousand
39Worcester County Development Center, Inc., Newark$736.6 thousand
40Tio Gringo's Inc, Ocean City$726.5 thousand
41Bay Shore Development Corporation, Ocean City$726.4 thousand
42Old Pro Golf Inc, Ocean City$725.9 thousand
43Phillips Crab House Inc, Ocean City$700.3 thousand
44Tequila Mockingbird Inc, Ocean City$692.3 thousand
45Oc Lizard LLC, Ocean City$689.6 thousand
46Americana Stowaway Motel Inc., Ocean City$667.2 thousand
47Blue Water Development Corporation, Ocean City$663.2 thousand
48Genesar Inc, Ocean City$642.1 thousand
49Bbs Holdings Inc, Ocean City$615.1 thousand
50Harrison Inn Stardust Preferred LLC, Ocean City$592.1 thousand
51Faw Casson &Co LLP, Ocean City$590.2 thousand
52Embers Restaurant Inc The, Ocean City$588.0 thousand
53Phillips Crab House, Ocean City$583.3 thousand
54Njg Food Service Inc, Ocean City$581.5 thousand
55Guido's Burritos LLC, Ocean City$575.0 thousand
56Castle In The Sand, Inc., Ocean City$564.0 thousand
57Crab House Of Ocean City Inc, Ocean City$558.1 thousand
58Harrison Inn 18 Management Enterprises, Inc., Ocean City$546.6 thousand
59Salisbury Donut Shops Inc, Ocean City$536.9 thousand
60Tio Gringo's, Inc., Ocean City$518.9 thousand
61Harrison Q1 33 LLC, Ocean City$512.9 thousand
62Atlantic Physical Therapy,Rehab & Sports Medicine Inc, Berlin$497.5 thousand
63Arctic Refrigeration & Air Conditioning Service Company, Inc, Berlin$497.1 thousand
64Internet Business Strategies, Inc., Ocean City$495.5 thousand
65Rehoboth Donut Shops, Inc, Ocean City$494.5 thousand
66Eastern Shore Ent & Allergy, Salisbury$492.4 thousand
67Prince's Ocean Inn LLC, Ocean City$485.6 thousand
68Oc Bar LLC, Ocean City$484.5 thousand
69Americana Stowaway Motel Inc, Ocean City$476.6 thousand
70Trimper Rides Of Ocean City Inc, Ocean City$464.4 thousand
71Ocean City Boardwalk Inc., Ocean City$463.6 thousand
72Internet Business Strategies Inc., Ocean City$463.3 thousand
73Oc Freddies, LLC, Ocean City$462.3 thousand
74Bull On The Bay Inc, Ocean City$459.8 thousand
75Dover Donut Shops, Inc., Ocean City$457.8 thousand
76All States Construction Co Inc, Bishopville$457.0 thousand
77Mother's Cantina LLC, Ocean City$454.3 thousand
78Easton Donut Shops, Inc., Ocean City$452.0 thousand
79Acute Injury & Illness Centers LLC, Ocean City$450.5 thousand
80Ropewalk Oc, LLC, Ocean City$446.6 thousand
81Paul M. Jones Lumber Company Inc., Snow Hill$440.7 thousand
82Trimper's Rides Of Ocean City, Inc., Ocean City$437.6 thousand
83Atlantic Hotel Inc, Ocean City$435.3 thousand
84Acute Injury & Illness Centers, LLC, Ocean City$434.5 thousand
85Dumsers Dairyland North Inc, Ocean City$430.5 thousand
86Greenwich Investors Gull Creek Operator, Berlin$429.0 thousand
87The Bonfire Restaurant Inc, Ocean City$421.7 thousand
88Embers Restaurant Inc, The, Ocean City$420.0 thousand
89Heiderman Inc, Ocean City$417.4 thousand
90Jd Financial Services Inc, Ocean City$415.4 thousand
91Malone Subcontracting, LLC, Eden$414.9 thousand
92Bethany Boardwalk Group LLC, Ocean City$412.7 thousand
93Hertrich Of Pocomoke South, Inc, Pocomoke City$409.8 thousand
94Ocean City Boardwalk, Inc., Ocean City$407.3 thousand
95Reeves Entities Inc, Berlin$403.7 thousand
96Crab House Of Ocean City, Inc.., Ocean City$398.6 thousand
97Sun N Surf Inc., Ocean City$396.4 thousand
98Sazarac Pub Inc., Ocean City$387.4 thousand
99Nock's Tire Service Inc, Pocomoke City$386.0 thousand
100Potomac Manor, LLC, Berlin$381.5 thousand

How the list is drawn

  • 100 of the 2,362 borrowers ranked in Worcester 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 Worcester 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

Data retrieved