JM RAMMS INC (ME) - 2020 PPP Loan Borrower Profile (# 2103197105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to JM RAMMS 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

2103197105

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$67,714

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$68,267

Date Loan was Forgiven

Feb 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

67,714

Lender

Machias Savings Bank

Business Detail

Business Type

Corporation

NAICS

561730

Borrower Location

BANGOR, ME

Project Location

BANGOR, 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.