PPP Loan information for Lpi inc

$2,313,633

Lpi inc was initially approved for PPP Loan of amount $2,313,633, the current approved amount is $2,313,633. The loan was approved on 04/08/2020 by The Mountain Commerce Bank reported 293 jobs and $2,313,633 was used to fund payroll.

Lpi inc is Existing or more than 2 years old

PPP Loan Search / TN / JOHNSON CITY / Lpi inc

LPI INC

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

LPI INC

Borrower Address

506 TWIN OAKS DR

Borrower City

JOHNSON CITY

Borrower State

TN

Borrower Zip

37601-7610

Loan Status Date

03/11/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2313633.32

Current Approval Amount

2313633.32

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JOHNSON CITY

Project County Name

WASHINGTON

Project State

TN

Project Zip

37601-7610

CD

TN-01

Jobs Reported

293

NAICS Code

339920

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

144602.08

Payroll Proceed

1735224.99

Mortgage Interest Proceed

433806.25

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

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2340882.78

Forgiveness Date

06/09/2021

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