# PPP loan: BANCROFT CONTRACTING CORP.
> **$2.40M** approved 04/03/2020 · Paid in Full · Loan `4474587004`
## Borrower
- **Name:** BANCROFT CONTRACTING CORP.
- **Address:** 23 PHILLIPS RD, SOUTH PARIS, ME, 04281-6405
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $1.85M (77%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.40M
- **Jobs reported:** 180
## Lender
- **Originating:** Norway Savings Bank
- **Servicing:** Norway Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*