PPP Loan information for North east welding and fabrication inc

$489,800

North east welding and fabrication inc was initially approved for PPP Loan of amount $489,800, the current approved amount is $489,800. The loan was approved on 04/07/2020 by The Maine Community Bank reported 36 jobs and $489,800 was used to fund payroll.

North east welding and fabrication inc is Existing or more than 2 years old

PPP Loan Search / ME / AUBURN / North east welding and fabrication inc

NORTH EAST WELDING AND FABRICATION INC

Date Approved

04/07/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

NORTH EAST WELDING AND FABRICATION INC

Borrower Address

928 Minot Avenue

Borrower City

AUBURN

Borrower State

ME

Borrower Zip

04210-3719

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

489800.00

Current Approval Amount

489800.00

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

04210-3719

CD

ME-02

Jobs Reported

36

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

12387.00

Payroll Proceed

428141.00

Mortgage Interest Proceed

4734.00

Rent Proceed

44538.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

492602.74

Forgiveness Date

11/03/2020

;