GOODWILL INDUSTRIES OF NORTHERN NEW ENGLAND
PPP Loan approved Mar 26, 2021 through Manufacturers and Traders Trust Company
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $8,236,769.00 | 100.0% |
| Utilities | $1.00 | 0.0% |
About This Loan
GOODWILL INDUSTRIES OF NORTHERN NEW ENGLAND received a PPP loan of $8,236,772 approved on Mar 26, 2021. The loan was originated by Manufacturers and Traders Trust Company.
GOODWILL INDUSTRIES OF NORTHERN NEW ENGLAND is a corporation located in GORHAM, Maine. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Used Merchandise Retailers industry (NAICS 453310), part of the Retail Trade sector of the economy. The applicant reported 500 jobs as retained through this loan.
The SBA forgave $8,318,688.39 of this loan — 101.0% of the total approved amount, with forgiveness recorded on Apr 8, 2022. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $8,236,769 to payroll, $1 to utilities. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Maine, visit the Maine page. To compare this loan with others in the same industry, see the Used Merchandise Retailers industry page.