BEAR HILL ELECTRIC, LLC (ME) - 2020 PPP Loan Borrower Profile (# 4727877007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEAR HILL ELECTRIC, LLC. 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

4727877007

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$225,200

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$227,395.7

Date Loan was Forgiven

Apr 5, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

225,200

Lender

Gorham Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

BUXTON, ME

Project Location

BUXTON, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.