BEAL ELECTRIC (ME) - 2020 PPP Loan Borrower Profile (# 5259937407)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEAL ELECTRIC. 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

5259937407

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$16,369

Date Loan was Approved

May 12, 2020

Amount Forgiven

$16,486.31

Date Loan was Forgiven

Jan 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,369

Lender

Machias Savings Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

238210

Borrower Location

PEMBROKE, ME

Project Location

PEMBROKE, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.