# PPP loan: DOWNEAST MACHINE & ENGINEERING, INC.
> **$754K** approved 04/15/2020 · Paid in Full · Loan `2275987200`
## Borrower
- **Name:** DOWNEAST MACHINE & ENGINEERING, INC.
- **Address:** 26 Maple St, MECHANIC FALLS, ME, 04256
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $759K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $754K
- **Jobs reported:** 42
## Lender
- **Originating:** Bangor Savings Bank
- **Servicing:** Bangor Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*