PPP Loan information for North east welding & fabrication inc

$489,800

North east welding & fabrication inc was initially approved for PPP Loan of amount $489,800, the current approved amount is $489,800. The loan was approved on 01/17/2021 by The Maine Community Bank reported 17 jobs and $489,800 was used to fund payroll.

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

PPP Loan Search / ME / Auburn / North east welding & fabrication inc

NORTH EAST WELDING & FABRICATION INC

Date Approved

01/17/2021

SBA Office Code

0172

Processing Method

PPS

Borrower Name

NORTH EAST WELDING & FABRICATION INC

Borrower Address

928 Minot Ave

Borrower City

Auburn

Borrower State

ME

Borrower Zip

04210-3719

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

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

17

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

489795.00

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

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

492684.38

Forgiveness Date

08/23/2021

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