# PPP loan: PORTLAND AIR FREIGHT, INC.
> **$1.18M** approved 04/08/2020 · Paid in Full · Loan `8502007001`
## Borrower
- **Name:** PORTLAND AIR FREIGHT, INC.
- **Address:** 75 Postal Service Way, SCARBOROUGH, ME, 04074-9698
- **NAICS:** 484121
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 89
## Lender
- **Originating:** Gorham Savings Bank
- **Servicing:** Gorham Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*