DESMOND & RAND, P.A. (ME) - 2020 PPP Loan Borrower Profile (# 7180917201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DESMOND & RAND, P.A.. 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

7180917201

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$80,600

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$81,255.99

Date Loan was Forgiven

Feb 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,000

Payroll Proced

70,200

Rent Proceed

9,400

Lender

Maine Community Bank

Business Detail

Business Type

Corporation

NAICS

541110

Borrower Location

WESTBROOK, ME

Project Location

WESTBROOK, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.