PPP Loan information for Palatec manufacturing, inc

$218,818

Palatec manufacturing, inc was initially approved for PPP Loan of amount $218,818, the current approved amount is $218,818. The loan was approved on 04/08/2020 by The Bank of Lincoln County reported 26 jobs and $218,818 was used to fund payroll.

Palatec manufacturing, inc is Existing or more than 2 years old

PPP Loan Search / TN / FAYETTEVILLE / Palatec manufacturing, inc

PALATEC MANUFACTURING, INC

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

PALATEC MANUFACTURING, INC

Borrower Address

2998 HUNTSVILLE HWY

Borrower City

FAYETTEVILLE

Borrower State

TN

Borrower Zip

37334-6692

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

218817.50

Current Approval Amount

218817.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

263677

Servicing Lender Name

Bank of Lincoln County

Servicing Lender Address

307 E College St

Servicing Lender City

FAYETTEVILLE

Servicing Lender State

TN

Servicing Lender Zip

37334-3005

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAYETTEVILLE

Project County Name

LINCOLN

Project State

TN

Project Zip

37334-6692

CD

TN-04

Jobs Reported

26

NAICS Code

321920

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21881.30

Payroll Proceed

196936.20

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

263677

Originating Lender

Bank of Lincoln County

Originating Lender City

FAYETTEVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

220063.54

Forgiveness Date

11/05/2020

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