LINCOLN ACADEMY (ME) - 2020 PPP Loan Borrower Profile (# 1254937105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to LINCOLN ACADEMY. 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

1254937105

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$1,316,600

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$1,326,730.51

Date Loan was Forgiven

Jan 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

164,575

Payroll Proced

987,450

Mortgage Interest Proceed

164,575

Lender

First National Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

611110

Borrower Location

NEWCASTLE, ME

Project Location

NEWCASTLE, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

113

Business Age Description

Unanswered

Data Source: SBA.