PPP Loan information for Downeast machine & engineering, inc.

$754,000

Downeast machine & engineering, inc. was initially approved for PPP Loan of amount $754,000, the current approved amount is $754,000. The loan was approved on 04/15/2020 by The Bangor Savings Bank reported 42 jobs and $754,000 was used to fund payroll.

Downeast machine & engineering, inc. is Unanswered

PPP Loan Search / ME / MECHANIC FALLS / Downeast machine & engineering, inc.

DOWNEAST MACHINE & ENGINEERING, INC.

Date Approved

04/15/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

DOWNEAST MACHINE & ENGINEERING, INC.

Borrower Address

26 Maple St

Borrower City

MECHANIC FALLS

Borrower State

ME

Borrower Zip

04256

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

754000.00

Current Approval Amount

754000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29389

Servicing Lender Name

Bangor Savings Bank

Servicing Lender Address

24 Hamlin Way

Servicing Lender City

BANGOR

Servicing Lender State

ME

Servicing Lender Zip

04401-6497

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

MECHANIC FALLS

Project County Name

ANDROSCOGGIN

Project State

ME

Project Zip

04256-0001

CD

ME-02

Jobs Reported

42

NAICS Code

332312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

754000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

29389

Originating Lender

Bangor Savings Bank

Originating Lender City

BANGOR

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

748691.33

Forgiveness Date

12/14/2020

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