CHUTE'S FAMILY RESTAURANT (ME) - 2020 PPP Loan Borrower Profile (# 2325307902)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHUTE'S FAMILY RESTAURANT. 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

2325307902

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$87,460

Date Loan was Approved

Jun 11, 2020

Amount Forgiven

$88,528.69

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

87,460

Lender

Norway Savings Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

windham,, ME

Project Location

windham,, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.