PPP Loan information for Downeast food distributors inc

$172,000

Downeast food distributors inc was initially approved for PPP Loan of amount $172,000, the current approved amount is $172,000. The loan was approved on 04/13/2020 by The Maine Community Bank reported 12 jobs and $172,000 was used to fund payroll.

Downeast food distributors inc is Existing or more than 2 years old

PPP Loan Search / ME / AUBURN / Downeast food distributors inc

DOWNEAST FOOD DISTRIBUTORS INC

Date Approved

04/13/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

DOWNEAST FOOD DISTRIBUTORS INC

Borrower Address

94 Merrow Road PO Box 1717

Borrower City

AUBURN

Borrower State

ME

Borrower Zip

04211

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

172000.00

Current Approval Amount

172000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29614

Servicing Lender Name

Maine Community Bank

Servicing Lender Address

254 Main St

Servicing Lender City

BIDDEFORD

Servicing Lender State

ME

Servicing Lender Zip

04005-2400

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUBURN

Project County Name

ANDROSCOGGIN

Project State

ME

Project Zip

04211-1001

CD

ME-02

Jobs Reported

12

NAICS Code

424450

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

138000.00

Mortgage Interest Proceed

0.00

Rent Proceed

32000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

29614

Originating Lender

Maine Community Bank

Originating Lender City

BIDDEFORD

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

173046.33

Forgiveness Date

11/27/2020

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