# PPP loan: MAINE COMMERCIAL TIRE, INC.
> **$706K** approved 04/03/2020 · Paid in Full · Loan `4552767006`
## Borrower
- **Name:** MAINE COMMERCIAL TIRE, INC.
- **Address:** 55 FREEDOM PKWY, HERMON, ME, 04401-1100
- **NAICS:** 441320
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $706K
- **Initial approval:** $600K
- **Forgiven:** $712K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $706K
- **Jobs reported:** 60
## Lender
- **Originating:** Katahdin Trust Co.
- **Servicing:** Katahdin Trust Co. (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*