GENERAL ALUM NEW ENGLAND CORP (ME) - 2020 PPP Loan Borrower Profile (# 7078897005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GENERAL ALUM NEW ENGLAND CORP. 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

7078897005

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$1,335,700

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$1,343,231.86

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,335,700

Lender

First National Bank

Business Detail

Business Type

Corporation

NAICS

325998

Borrower Location

SEARSPORT, ME

Project Location

SEARSPORT, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

103

Business Age Description

Existing or more than 2 years old

Data Source: SBA.