ACORN ENGINEERING, INC. (ME) - 2020 PPP Loan Borrower Profile (# 7980027007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACORN ENGINEERING, INC.. 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

7980027007

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$175,500

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$176,662.44

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,777

Payroll Proced

131,615

Rent Proceed

35,108

Lender

University Credit Union

Business Detail

Business Type

Corporation

NAICS

541330

Borrower Location

PORTLAND, ME

Project Location

PORTLAND, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.