AROOSTOOK AUTO TECH, INC. (ME) - 2020 PPP Loan Borrower Profile (# 6625547000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AROOSTOOK AUTO TECH, 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

6625547000

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$53,400

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$53,893.95

Date Loan was Forgiven

Mar 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,675

Payroll Proced

40,050

Mortgage Interest Proceed

6,675

Lender

Katahdin Trust Co.

Business Detail

Business Type

Subchapter S Corporation

NAICS

811111

Borrower Location

HOULTON, ME

Project Location

HOULTON, 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.