ERNEST R. PALMER LUMBER CO. INC. (ME) - 2020 PPP Loan Borrower Profile (# 4236918400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ERNEST R. PALMER LUMBER CO. 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

4236918400

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$35,140

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$35,445.19

Date Loan was Forgiven

Jan 6, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

35,140

Lender

KeyBank National Association

Business Detail

Business Type

Corporation

NAICS

333243

Borrower Location

Sangerville, ME

Project Location

Sangerville, 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.