PPP Loan information for Arc erecting

$217,640

Arc erecting was initially approved for PPP Loan of amount $291,100, the current approved amount is $217,640. The loan was approved on 04/04/2020 by The Machias Savings Bank reported 14 jobs and $217,640 was used to fund payroll.

Arc erecting is Existing or more than 2 years old

PPP Loan Search / ME / NEWPORT / Arc erecting

ARC ERECTING

Date Approved

04/04/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

ARC ERECTING

Borrower Address

115 Barrows Point Road

Borrower City

NEWPORT

Borrower State

ME

Borrower Zip

04953-4114

Loan Status Date

01/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

291100.00

Current Approval Amount

217640.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29760

Servicing Lender Name

Machias Savings Bank

Servicing Lender Address

4 Center St

Servicing Lender City

MACHIAS

Servicing Lender State

ME

Servicing Lender Zip

04654-1110

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

PENOBSCOT

Project State

ME

Project Zip

04953-4114

CD

ME-02

Jobs Reported

14

NAICS Code

238120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

217640.00

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

29760

Originating Lender

Machias Savings Bank

Originating Lender City

MACHIAS

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

219030.48

Forgiveness Date

12/08/2020

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