PPP Loan information for Durable products, inc

$750,000

Durable products, inc was initially approved for PPP Loan of amount $750,000, the current approved amount is $750,000. The loan was approved on 04/28/2020 by The FirstBank reported 50 jobs and $750,000 was used to fund payroll.

Durable products, inc is Existing or more than 2 years old

DURABLE PRODUCTS, INC

Date Approved

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

DURABLE PRODUCTS, INC

Borrower Address

137 Dayton Spur Road

Borrower City

CROSSVILLE

Borrower State

TN

Borrower Zip

38555-2681

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

750000.00

Current Approval Amount

750000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68822

Servicing Lender Name

FirstBank

Servicing Lender Address

211 Commerce St, Ste 300

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37201-1810

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Crossville

Project County Name

CUMBERLAND

Project State

TN

Project Zip

38555-0001

CD

TN-06

Jobs Reported

50

NAICS Code

326299

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

749998.00

Mortgage Interest Proceed

0.00

Rent Proceed

1.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

68822

Originating Lender

FirstBank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

755333.33

Forgiveness Date

01/19/2021

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