H.R. BEAL & SONS (ME) - 2020 PPP Loan Borrower Profile (# 2970587102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to H.R. BEAL & SONS. 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

2970587102

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$129,700

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$130,557.46

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

16,212.5

Payroll Proced

97,275

Rent Proceed

16,212.5

Lender

First National Bank

Business Detail

Business Type

Corporation

NAICS

424990

Borrower Location

SOUTHWEST HARBOR, ME

Project Location

SOUTHWEST HARBOR, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.