The Island Employee Cooperative, Inc.

$299,300 PPP Loan in Stonington, Maine

Loan Details

Loan Number
6624637001
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$299,300
Current Approval
$299,300
Forgiveness Amount
$300,979
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Island Employee Cooperative, Inc.
Address
1 Burnt Cove Rd
State
Maine
ZIP Code
04681-3301
Business Type
Cooperative
Industry (NAICS)
Retail Trade (445110)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$15.5M
Rural/Urban
Rural
Congressional District
ME-02

Loan Use Breakdown

Payroll
$299,300

Lender Information

Servicing Lender
Bar Harbor Bank & Trust
Originating Lender
Bar Harbor Bank & Trust

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