PPP Loan information for Drives and conveyors, inc.

$124,405

Drives and conveyors, inc. was initially approved for PPP Loan of amount $166,538, the current approved amount is $124,405. The loan was approved on 04/14/2020 by The Hometown Bank of Corbin, Inc. d/b/a Hometown Bank reported 10 jobs and $124,405 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

04/14/2020

SBA Office Code

0457

Processing Method

PPP

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

06/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

166537.87

Current Approval Amount

124404.67

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

10

NAICS Code

333922

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

93804.67

Mortgage Interest Proceed

0.00

Rent Proceed

30600.00

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

125427.17

Forgiveness Date

02/17/2021

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