CMD POWERSYSTEMS, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to CMD POWERSYSTEMS, INC. by Machias Savings Bank. The loan was approved on 4/10/2020 in the range of $150,000-350,000.

Business Information

Name:	CMD POWERSYSTEMS, INC. 42 DAVE'S WAY HERMON, ME 04401
Business type:	Corporation Electrical Equipment, Appliance, and Component Manufacturing → Motor and Generator Manufacturing
Non-profit:	No
Loan amount:	$150,000-350,000 (50 Jobs retained)
Date approved:	April 10, 2020
Lender	Machias Savings Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.