PPP Loan information for Drives and conveyors inc.

$171,518

Drives and conveyors inc. was initially approved for PPP Loan of amount $171,518, the current approved amount is $171,518. The loan was approved on 01/27/2021 by The Hometown Bank of Corbin, Inc. d/b/a Hometown Bank reported 8 jobs and $171,518 was used to fund payroll.

Drives and conveyors inc. is Existing or more than 2 years old

PPP Loan Search / KY / Corbin / Drives and conveyors inc.

DRIVES AND CONVEYORS INC.

Date Approved

01/27/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

DRIVES AND CONVEYORS INC.

Borrower Address

3865 Cumberland Falls Hwy

Borrower City

Corbin

Borrower State

KY

Borrower Zip

40701-9042

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

171517.95

Current Approval Amount

171517.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124504

Servicing Lender Name

Hometown Bank of Corbin, Inc. d/b/a Hometown Bank

Servicing Lender Address

1030 Cumberland Falls Hwy

Servicing Lender City

CORBIN

Servicing Lender State

KY

Servicing Lender Zip

40701-2713

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Corbin

Project County Name

WHITLEY

Project State

KY

Project Zip

40701-9042

CD

KY-05

Jobs Reported

8

NAICS Code

333922

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

171515.95

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

124504

Originating Lender

Hometown Bank of Corbin, Inc. d/b/a Hometown Bank

Originating Lender City

CORBIN

Originating Lender State

KY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

172575.25

Forgiveness Date

09/13/2021

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