DROPPING SPRINGS LOBSTER, LLC (ME) - 2020 PPP Loan Borrower Profile (# 1423117108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DROPPING SPRINGS LOBSTER, 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

1423117108

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$21,600

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$21,868.8

Date Loan was Forgiven

Jul 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

16,200

Rent Proceed

5,400

Lender

Androscoggin Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

114112

Borrower Location

PORTLAND, ME

Project Location

PORTLAND, 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.