PPP Loan information for Downeast machine & engineering inc.

$568,422

Downeast machine & engineering inc. was initially approved for PPP Loan of amount $568,422, the current approved amount is $568,422. The loan was approved on 03/12/2021 by The Bangor Savings Bank reported 46 jobs and $568,422 was used to fund payroll.

Downeast machine & engineering inc. is Existing or more than 2 years old

PPP Loan Search / ME / Mechanic Falls / Downeast machine & engineering inc.

DOWNEAST MACHINE & ENGINEERING INC.

Date Approved

03/12/2021

SBA Office Code

0172

Processing Method

PPS

Borrower Name

DOWNEAST MACHINE & ENGINEERING INC.

Borrower Address

26 Maple St

Borrower City

Mechanic Falls

Borrower State

ME

Borrower Zip

04256-6113

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

568422.00

Current Approval Amount

568422.00

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

Existing or more than 2 years old

Project City

Mechanic Falls

Project County Name

ANDROSCOGGIN

Project State

ME

Project Zip

04256-6113

CD

ME-02

Jobs Reported

46

NAICS Code

332312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

568419.00

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

571958.85

Forgiveness Date

10/26/2021

;