ADVANCED DEVELOPMENT CO LLC (ME) - 2020 PPP Loan Borrower Profile (# 5837347007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED DEVELOPMENT CO LLC. 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

5837347007

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$18,700

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$18,938.94

Date Loan was Forgiven

Jul 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,337.5

Payroll Proced

14,025

Mortgage Interest Proceed

2,337.5

Lender

Katahdin Trust Co.

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238910

Borrower Location

HERMON, ME

Project Location

HERMON, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.