BAYLEY'S SEAFOOD RESTAURANT, INC (ME) - 2020 PPP Loan Borrower Profile (# 5846697009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BAYLEY'S SEAFOOD RESTAURANT, 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

5846697009

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$43,200

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$43,578

Date Loan was Forgiven

Feb 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

40,000

Debt Interest Proceed

1,200

Lender

Katahdin Trust Co.

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

SCARBOROUGH, ME

Project Location

SCARBOROUGH, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.