# PPP loan: UNIVERSITY OF MAINE FOUNDATION
> **$719K** approved 04/08/2020 · Paid in Full · Loan `7792307000`
## Borrower
- **Name:** UNIVERSITY OF MAINE FOUNDATION
- **Address:** 2 Alumni Place, ORONO, ME, 04469
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $719K
- **Initial approval:** $719K
- **Forgiven:** $723K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $719K
- **Jobs reported:** 38
## 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*