# PPP loan: YALE CORDAGE, INC.
> **$1.04M** approved 04/08/2020 · Paid in Full · Loan `8690077007`
## Borrower
- **Name:** YALE CORDAGE, INC.
- **Address:** 77 Industrial Park Rd, Saco, ME, 04072-1804
- **NAICS:** 314994
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.02M (98%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Jobs reported:** 123
## Lender
- **Originating:** Camden National Bank
- **Servicing:** Camden National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*