ARC ERECTING INC (ME) - 2020 PPP Loan Borrower Profile (# 8722648602)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ARC ERECTING 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
8722648602
SBA Office Code
0172
Processing Method
PPS
Curent Loan Amount
$212,263.8
Date Loan was Approved
Mar 25, 2021
Amount Forgiven
$213,478.42
Date Loan was Forgiven
Oct 22, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
212,257.8
Lender
Machias Savings Bank
Business Detail
Business Type
Corporation
NAICS
238120
Borrower Location
Newport, ME
Project Location
Newport, ME
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
19
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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