JAY MOTORS INC (ME) - 2020 PPP Loan Borrower Profile (# 7245198600)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to JAY 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
7245198600
SBA Office Code
0172
Processing Method
PPS
Curent Loan Amount
$39,961.72
Date Loan was Approved
Mar 23, 2021
Amount Forgiven
$40,168.19
Date Loan was Forgiven
Sep 28, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
39,958.72
Lender
Franklin Savings Bank
Business Detail
Business Type
Corporation
NAICS
237120
Borrower Location
Jay, ME
Project Location
Jay, ME
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
9
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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