PPP Loan information for Searsport motor company inc.

$108,500

Searsport motor company inc. was initially approved for PPP Loan of amount $108,500, the current approved amount is $108,500. The loan was approved on 04/09/2020 by The First National Bank reported 8 jobs and $108,500 was used to fund payroll.

Searsport motor company inc. is Existing or more than 2 years old

PPP Loan Search / ME / SEARSPORT / Searsport motor company inc.

SEARSPORT MOTOR COMPANY INC.

Date Approved

04/09/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

SEARSPORT MOTOR COMPANY INC.

Borrower Address

315 Easte Main Street

Borrower City

SEARSPORT

Borrower State

ME

Borrower Zip

04974

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

108500.00

Current Approval Amount

108500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29647

Servicing Lender Name

First National Bank

Servicing Lender Address

223 Main St

Servicing Lender City

DAMARISCOTTA

Servicing Lender State

ME

Servicing Lender Zip

04543-4651

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SEARSPORT

Project County Name

WALDO

Project State

ME

Project Zip

04974-0001

CD

ME-02

Jobs Reported

8

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13562.50

Payroll Proceed

81375.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13562.50

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

29647

Originating Lender

First National Bank

Originating Lender City

DAMARISCOTTA

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

109301.69

Forgiveness Date

01/11/2021

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