DESPERATE MEASURES FISHERIES (ME) - 2020 PPP Loan Borrower Profile (# 7540198810)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DESPERATE MEASURES FISHERIES. 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

7540198810

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$12,115.7

Date Loan was Approved

Apr 21, 2021

Amount Forgiven

$12,225.08

Date Loan was Forgiven

Mar 15, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

12,109.7

Lender

Machias Savings Bank

Business Detail

Business Type

Corporation

NAICS

114112

Borrower Location

Cushing, ME

Project Location

Cushing, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.