ADVANCED MODIFICATIONS INC (ME) - 2020 PPP Loan Borrower Profile (# 2570268402)

Updated on April 18, 2025.

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

2570268402

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$82,310

Date Loan was Approved

Feb 3, 2021

Amount Forgiven

$82,673.54

Date Loan was Forgiven

Jul 14, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

82,310

Lender

Machias Savings Bank

Business Detail

Business Type

Corporation

NAICS

441120

Borrower Location

Hermon, ME

Project Location

Hermon, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.