PPP Loan information for Danchem technologies, inc.

$1,975,000

Danchem technologies, inc. was initially approved for PPP Loan of amount $1,974,900, the current approved amount is $1,975,000. The loan was approved on 04/07/2020 by The Cadence Bank reported 200 jobs and $1,975,000 was used to fund payroll.

Danchem technologies, inc. is Existing or more than 2 years old

PPP Loan Search / VA / DANVILLE / Danchem technologies, inc.

DANCHEM TECHNOLOGIES, INC.

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

DANCHEM TECHNOLOGIES, INC.

Borrower Address

1975 OLD RICHMOND RD

Borrower City

DANVILLE

Borrower State

VA

Borrower Zip

24540-5725

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1974900.00

Current Approval Amount

1975000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DANVILLE

Project County Name

PITTSYLVANIA

Project State

VA

Project Zip

24540-5725

CD

VA-05

Jobs Reported

200

NAICS Code

314999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1975000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1997109.03

Forgiveness Date

06/11/2021

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