AMERICAN ROOTS WEAR INC. (ME) - 2020 PPP Loan Borrower Profile (# 1601398405)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN ROOTS WEAR 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

1601398405

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$491,600

Date Loan was Approved

Feb 2, 2021

Amount Forgiven

$494,235.52

Date Loan was Forgiven

Aug 18, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

491,595

Lender

Gorham Savings Bank

Business Detail

Business Type

Corporation

NAICS

315220

Borrower Location

Westbrook, ME

Project Location

Westbrook, 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.