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Carmel Electric INC

$423,026 PPP Loan in Hermon, Maine

Loan Details

Loan Number
7203998410
Date Approved
Feb 11, 2021
Loan Status
Paid in Full
Initial Approval
$423,026
Current Approval
$423,026
Forgiveness Amount
$425,564
Forgiveness Date
Sep 17, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Carmel Electric INC
Address
15 Lexington Drive
City
Hermon
State
Maine
ZIP Code
04401
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$10.5M
Rural/Urban
Rural
Congressional District
ME-02

Loan Use Breakdown

Payroll
$423,024
Utilities
$1

Lender Information

Servicing Lender
Machias Savings Bank
Originating Lender
Machias Savings Bank

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