DOWNEAST FOOD DISTRIBUTORS INC (ME) - 2020 PPP Loan Borrower Profile (# 4875577100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DOWNEAST FOOD DISTRIBUTORS 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

4875577100

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$172,000

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$173,046.33

Date Loan was Forgiven

Nov 27, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

138,000

Rent Proceed

32,000

Lender

Maine Community Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

424450

Borrower Location

AUBURN, ME

Project Location

AUBURN, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.