CENTRAL AROOSTOOK ASSOCIATION (ME) - 2020 PPP Loan Borrower Profile (# 7217977006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CENTRAL AROOSTOOK ASSOCIATION. 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

7217977006

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$450,900

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$453,392.48

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

450,900

Lender

Katahdin Trust Co.

Business Detail

Business Type

Non-Profit Organization

NAICS

623210

Borrower Location

PRESQUE ISLE, ME

Project Location

PRESQUE ISLE, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.