DEAN YOUNG FORESTRY INC (ME) - 2020 PPP Loan Borrower Profile (# 2378978305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DEAN YOUNG FORESTRY 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

2378978305

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$137,825

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$138,747.66

Date Loan was Forgiven

Sep 21, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

137,823

Lender

Bangor Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

113310

Borrower Location

Franklin, ME

Project Location

Franklin, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.