PPP Loan information for Dienamic tooling systems inc

$988,589

Dienamic tooling systems inc was initially approved for PPP Loan of amount $988,589, the current approved amount is $988,589. The loan was approved on 04/08/2020 by The Mercantile Bank reported 63 jobs and $988,589 was used to fund payroll.

Dienamic tooling systems inc is Existing or more than 2 years old

PPP Loan Search / TN / LENOIR CITY / Dienamic tooling systems inc

DIENAMIC TOOLING SYSTEMS INC

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

DIENAMIC TOOLING SYSTEMS INC

Borrower Address

303 SAM RAY BURN PKWY

Borrower City

LENOIR CITY

Borrower State

TN

Borrower Zip

37771-3353

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

988589.00

Current Approval Amount

988589.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LENOIR CITY

Project County Name

ROANE

Project State

TN

Project Zip

37771-3353

CD

TN-02

Jobs Reported

63

NAICS Code

333514

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25600.00

Payroll Proceed

665285.00

Mortgage Interest Proceed

144790.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

125587.00

Debt Interest Proceed

27327

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1001427.11

Forgiveness Date

08/03/2021

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