PPP Loan information for The island employee cooperative, inc.

$299,300

The island employee cooperative, inc. was initially approved for PPP Loan of amount $299,300, the current approved amount is $299,300. The loan was approved on 04/07/2020 by The Bar Harbor Bank & Trust reported 62 jobs and $299,300 was used to fund payroll.

The island employee cooperative, inc. is Existing or more than 2 years old

PPP Loan Search / ME / STONINGTON / The island employee cooperative, inc.

THE ISLAND EMPLOYEE COOPERATIVE, INC.

Date Approved

04/07/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

THE ISLAND EMPLOYEE COOPERATIVE, INC.

Borrower Address

1 BURNT COVE RD

Borrower City

STONINGTON

Borrower State

ME

Borrower Zip

04681-3301

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

299300.00

Current Approval Amount

299300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29575

Servicing Lender Name

Bar Harbor Bank & Trust

Servicing Lender Address

82 Main St

Servicing Lender City

BAR HARBOR

Servicing Lender State

ME

Servicing Lender Zip

04609-1840

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STONINGTON

Project County Name

HANCOCK

Project State

ME

Project Zip

04681-3301

CD

ME-02

Jobs Reported

62

NAICS Code

445110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

299300.00

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

Cooperative

Originating Lender Location Id

29575

Originating Lender

Bar Harbor Bank & Trust

Originating Lender City

BAR HARBOR

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

300979.41

Forgiveness Date

11/03/2020

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