DEMO SALVAGE INC. (ME) - 2020 PPP Loan Borrower Profile (# 6263677104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DEMO SALVAGE 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

6263677104

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$103,465

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$104,159.17

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

103,465

Lender

Machias Savings Bank

Business Detail

Business Type

Corporation

NAICS

423930

Borrower Location

BAILEYVILLE, ME

Project Location

BAILEYVILLE, 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.