LOCAL FOOD 1, LLC (ME) - 2020 PPP Loan Borrower Profile (# 5514087007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to LOCAL FOOD 1, 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

5514087007

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$67,600

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$68,398.24

Date Loan was Forgiven

Jun 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

67,600

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

PORTLAND, ME

Project Location

PORTLAND, ME

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.