Date Approved
03/25/2021
SBA Office Code
0172
Processing Method
PPS
Borrower Name
ARC ERECTING INC
Borrower Address
115 Barrows Point Rd
Borrower City
Newport
Borrower State
ME
Borrower Zip
04953-4114
Loan Status Date
11/09/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
212263.80
Current Approval Amount
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
Servicing Lender Zip
04654-1110
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
PENOBSCOT
Project State
Project Zip
CD
ME-02
Jobs Reported
19
NAICS Code
238120
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
212257.80
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
213478.42
Forgiveness Date
10/22/2021