F. M. ABBOTT POWER EQUIPMENT, INC. (ME) - 2020 PPP Loan Borrower Profile (# 4770587009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to F. M. ABBOTT POWER EQUIPMENT, 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

4770587009

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$86,700

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$87,381.56

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

86,700

Lender

Gorham Savings Bank

Business Detail

Business Type

Corporation

NAICS

444210

Borrower Location

EAST WATERBORO, ME

Project Location

EAST WATERBORO, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.