PPP Loan information for Lip 3 inc

$346,400

Lip 3 inc was initially approved for PPP Loan of amount $346,400, the current approved amount is $346,400. The loan was approved on 04/28/2020 by The Live Oak Banking Company reported 54 jobs and $346,400 was used to fund payroll.

Lip 3 inc is Existing or more than 2 years old

LIP 3 INC

Date Approved

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

LIP 3 INC

Borrower Address

317 Main St, Suite 100

Borrower City

Franklin

Borrower State

TN

Borrower Zip

37064

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

346400.00

Current Approval Amount

346400.00

Undisbursed Amount

0.00

Franchise Name

Mellow Mushroom

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Franklin

Project County Name

WILLIAMSON

Project State

TN

Project Zip

37064-0300

CD

TN-07

Jobs Reported

54

NAICS Code

722513

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

346400.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

350262.60

Forgiveness Date

06/11/2021

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