PPP Loan information for Maine commercial tire, inc.

$706,000

Maine commercial tire, inc. was initially approved for PPP Loan of amount $600,000, the current approved amount is $706,000. The loan was approved on 04/03/2020 by The Katahdin Trust Co. reported 60 jobs and $706,000 was used to fund payroll.

Maine commercial tire, inc. is Existing or more than 2 years old

MAINE COMMERCIAL TIRE, INC.

Date Approved

04/03/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

MAINE COMMERCIAL TIRE, INC.

Borrower Address

55 FREEDOM PKWY

Borrower City

HERMON

Borrower State

ME

Borrower Zip

04401-1100

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

600000.00

Current Approval Amount

706000.00

Undisbursed Amount

0.00

Franchise Name

Bandag

Servicing Lender Location Id

29770

Servicing Lender Name

Katahdin Trust Co.

Servicing Lender Address

11 Main St

Servicing Lender City

PATTEN

Servicing Lender State

ME

Servicing Lender Zip

04765-3100

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HERMON

Project County Name

PENOBSCOT

Project State

ME

Project Zip

04401-1100

CD

ME-02

Jobs Reported

60

NAICS Code

441320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

706000.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

29770

Originating Lender

Katahdin Trust Co.

Originating Lender City

PATTEN

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

711510.72

Forgiveness Date

01/20/2021

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