# PPP loan: DOWNEAST MACHINE & ENGINEERING INC.
> **$568K** approved 03/12/2021 · Paid in Full · Loan `9383528502`
## Borrower
- **Name:** DOWNEAST MACHINE & ENGINEERING INC.
- **Address:** 26 Maple St, Mechanic Falls, ME, 04256-6113
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $568K
- **Utilities:** $1
- **Jobs reported:** 46
## 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*