ELLSWORTH COMMUNITY MUSIC INSTITUTE (ME) - 2020 PPP Loan Borrower Profile (# 4780717102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ELLSWORTH COMMUNITY MUSIC INSTITUTE. 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

4780717102

SBA Office Code

0172

Processing Method

PPP

Curent Loan Amount

$18,300

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$18,406.24

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

13,725

Mortgage Interest Proceed

4,575

Lender

First National Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

611610

Borrower Location

MOUNT DESERT, ME

Project Location

MOUNT DESERT, ME

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.