BROAD COVE CAPITAL (ME) - 2020 PPP Loan Borrower Profile (# 6027347707)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BROAD COVE CAPITAL. 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

6027347707

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$63,125

Date Loan was Approved

May 1, 2020

Amount Forgiven

$63,642.11

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

63,125

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

523910

Borrower Location

CUMBERLAND FORESIDE, ME

Project Location

CUMBERLAND FORESIDE, ME

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.