BEAR HILL ELECTRIC LLC (ME) - 2020 PPP Loan Borrower Profile (# 4808428500)
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
4808428500
SBA Office Code
0172
Processing Method
PPS
Curent Loan Amount
$225,200
Date Loan was Approved
Feb 26, 2021
Amount Forgiven
$227,351.91
Date Loan was Forgiven
Feb 14, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
225,196
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
No
Labor Market Information (LMI)
No
Jobs Reported
16
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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