HUTCHINS MOTORS INC. (ME) - 2020 PPP Loan Borrower Profile (# 5337207004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to HUTCHINS MOTORS 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

5337207004

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$2,622,764

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$2,645,713.19

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,622,764

Lender

Bangor Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

AUGUSTA, ME

Project Location

AUGUSTA, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

232

Business Age Description

Existing or more than 2 years old

Data Source: SBA.