# PPP loan: MIDCOAST DEVELOPMENT
> **$278K** approved 08/07/2020 · Paid in Full · Loan `5473728204`
## Borrower
- **Name:** MIDCOAST DEVELOPMENT
- **Address:** 1308 Clinton Avenue, Benton, ME, 04901-3538
- **NAICS:** 444190
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 42
## Lender
- **Originating:** MBE Capital Partners
- **Servicing:** MBE Capital Partners (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*