DER-TEX CORPORATION (ME) - 2020 PPP Loan Borrower Profile (# 8953728403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DER-TEX CORPORATION. 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

8953728403

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$290,912

Date Loan was Approved

Feb 14, 2021

Amount Forgiven

$292,904.55

Date Loan was Forgiven

Oct 27, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

290,906

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

326140

Borrower Location

Saco, ME

Project Location

Saco, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.