DOWNS RACHLIN MARTIN PLLC (VT) - 2020 PPP Loan Borrower Profile (# 9949457008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DOWNS RACHLIN MARTIN PLLC. 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 Vermont.

Loan Detail

Loan Number

9949457008

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$2,840,630

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$2,863,591.76

Date Loan was Forgiven

Feb 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

2,828,130

Mortgage Interest Proceed

10,000

Lender

Woodsville Guaranty Savings Bank

Business Detail

Business Type

Professional Association

NAICS

541110

Borrower Location

SAINT JOHNSBURY, VT

Project Location

SAINT JOHNSBURY, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

121

Business Age Description

Existing or more than 2 years old

Data Source: SBA.