PPP Loan information for Patterson chip company inc

$247,400

Patterson chip company inc was initially approved for PPP Loan of amount $247,400, the current approved amount is $247,400. The loan was approved on 04/10/2020 by The Commercial Bank reported 35 jobs and $247,400 was used to fund payroll.

Patterson chip company inc is Existing or more than 2 years old

PATTERSON CHIP COMPANY INC

Date Approved

04/10/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

PATTERSON CHIP COMPANY INC

Borrower Address

6179 S HWY 25

Borrower City

CORBIN

Borrower State

KY

Borrower Zip

40701-9998

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247400.00

Current Approval Amount

247400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67045

Servicing Lender Name

Commercial Bank

Servicing Lender Address

6710 Cumberland Gap Pkwy

Servicing Lender City

HARROGATE

Servicing Lender State

TN

Servicing Lender Zip

37752-8013

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

40701-9998

CD

KY-05

Jobs Reported

35

NAICS Code

321219

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

14694.00

Payroll Proceed

208400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24306.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67045

Originating Lender

Commercial Bank

Originating Lender City

HARROGATE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

248870.66

Forgiveness Date

11/17/2020

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