PPP Loan Data — Maine Maritime Academy, Castine, ME
Maine Maritime Academy is a non-profit organization located at Attn: Finance Department in Castine, Maine that received a Coronavirus-related PPP loan from the SBA of $3,858,500.00 in May, 2020.
$ PPP Loan Information
Lender:CAMDEN NATIONAL BANK
Maine Maritime Academy in Castine, ME received a Paycheck Protection Loan of $3.86M through CAMDEN NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Maine Maritime Academy's total 2019 payroll expenses were approximately $18.52M in order to qualify for the PPP loan amount received.
Based on their reported 291 jobs retained, this equals an estimated average yearly compensation of $63,645 per employee1.
Business Information - Maine Maritime Academy in Castine, ME
Attn: Finance Department
Castine, ME 4420
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-02
Industry PPP Comparison Statistics
Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 86 employees, 70% lower than Maine Maritime Academy's reported 291 employees, and received an average PPP loan of $829,978, 78% lower than this company's loan of $3.86M.
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Footnotes & Information
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