ADVANCED DEVELOPMENT COMPANY LLC (ME) - 2020 PPP Loan Borrower Profile (# 1920458309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED DEVELOPMENT COMPANY 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

1920458309

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$40,350

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$40,820.75

Date Loan was Forgiven

Mar 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

40,348

Lender

Katahdin Trust Co.

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531190

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.