ACADIA OCEANVIEW MOTEL (ME) - 2020 PPP Loan Borrower Profile (# 7023037302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACADIA OCEANVIEW MOTEL. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Maine.

Loan Detail

Loan Number

7023037302

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$19,000

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$19,121.98

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

19,000

Lender

Machias Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

721110

Borrower Location

BAR HARBOR, ME

Project Location

BAR HARBOR, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.