J.L. RICH TIMBER HARVESTING, LLC (ME) - 2020 PPP Loan Borrower Profile (# 7087777006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to J.L. RICH TIMBER HARVESTING, LLC. 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

7087777006

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$56,500

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$57,022.62

Date Loan was Forgiven

Mar 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

14,125

Payroll Proced

42,375

Lender

Katahdin Trust Co.

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

113310

Borrower Location

WALLAGRASS, ME

Project Location

WALLAGRASS, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.