DESIGNLAB, LLC (ME) - 2020 PPP Loan Borrower Profile (# 5955447003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DESIGNLAB, 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

5955447003

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$26,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$26,205.83

Date Loan was Forgiven

Jan 27, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

26,000

Lender

Katahdin Trust Co.

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541613

Borrower Location

MILLINOCKET, ME

Project Location

MILLINOCKET, 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.