North East Welding and Fabrication INC

$489,800 PPP Loan in Auburn, Maine

Loan Details

Loan Number
7385407009
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$489,800
Current Approval
$489,800
Forgiveness Amount
$492,603
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
North East Welding and Fabrication INC
Address
928 Minot Avenue
City
Auburn
State
Maine
ZIP Code
04210-3719
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$8.8M
Rural/Urban
Rural
Congressional District
ME-02

Loan Use Breakdown

Payroll
$428,141
Rent
$44,538
Utilities
$12,387
Mortgage Interest
$4,734

Lender Information

Servicing Lender
Maine Community Bank
Originating Lender
Maine Community Bank

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