EMERSON AUTO SALES, INC. (ME) - 2020 PPP Loan Borrower Profile (# 2881127102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to EMERSON AUTO SALES, 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

2881127102

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$511,800

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$515,084.05

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,900

Payroll Proced

390,900

Rent Proceed

110,000

Lender

Maine Community Bank

Business Detail

Business Type

Corporation

NAICS

441110

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.