ELECTRICAL CONTROLS OF MAINE (ME) - 2020 PPP Loan Borrower Profile (# 9601187009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ELECTRICAL CONTROLS OF MAINE. 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

9601187009

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$37,400

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$37,583.88

Date Loan was Forgiven

Oct 13, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,494

Payroll Proced

33,106

Rent Proceed

2,800

Lender

Maine Community Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

LYMAN, ME

Project Location

LYMAN, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.