PPP Loan information for New life industries, inc.

$798,115

New life industries, inc. was initially approved for PPP Loan of amount $798,115, the current approved amount is $798,115. The loan was approved on 04/07/2020 by The Monticello Banking Company reported 90 jobs and $798,115 was used to fund payroll.

New life industries, inc. is Existing or more than 2 years old

PPP Loan Search / KY / SOMERSET / New life industries, inc.

NEW LIFE INDUSTRIES, INC.

Date Approved

04/07/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

NEW LIFE INDUSTRIES, INC.

Borrower Address

140 Chappells Dairy Road

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42503-4589

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

798115.00

Current Approval Amount

798115.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27616

Servicing Lender Name

Monticello Banking Company

Servicing Lender Address

50 N Main St

Servicing Lender City

MONTICELLO

Servicing Lender State

KY

Servicing Lender Zip

42633-2851

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42503-4589

CD

KY-05

Jobs Reported

90

NAICS Code

315990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

774115.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

27616

Originating Lender

Monticello Banking Company

Originating Lender City

MONTICELLO

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

792624.77

Forgiveness Date

11/03/2020

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