Drexel Chemical Company
$2,467,050 PPP Loan in Memphis, Tennessee
Loan Details
- Loan Number
- 2093017103
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,467,050
- Current Approval
- $2,467,050
- Forgiveness Amount
- $2,494,941
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Drexel Chemical Company
- Address
- 1700 Channel Ave
- City
- Memphis
- State
- Tennessee
- ZIP Code
- 38106-1576
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Manufacturing (325320)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 246
- Estimated Revenue
- $244.0M
- Rural/Urban
- Urban
- Congressional District
- TN-09
Loan Use Breakdown
- Payroll
- $2,247,050
- Rent
- $20,000
- Utilities
- $200,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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