L & B ELECTRICAL CONTRACTORS INC (ME) - 2020 PPP Loan Borrower Profile (# 9357488608)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to L & B ELECTRICAL CONTRACTORS 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

9357488608

SBA Office Code

0172

Processing Method

PPS

Curent Loan Amount

$311,925

Date Loan was Approved

Mar 25, 2021

Amount Forgiven

$313,709.9

Date Loan was Forgiven

Oct 19, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

311,921

Lender

Androscoggin Savings Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Lisbon, ME

Project Location

Lisbon, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.