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
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
Servicing Lender State
Servicing Lender Zip
37334-3005
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LINCOLN
Project State
Project Zip
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
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
220063.54
Forgiveness Date
11/05/2020