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Spectrum Adhesives, Inc.

$299,247 PPP Loan in Memphis, Tennessee

Loan Details

Loan Number
3657827100
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$299,247
Current Approval
$299,247
Forgiveness Amount
$301,666
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spectrum Adhesives, Inc.
Address
5611 Universal Drive
City
Memphis
State
Tennessee
ZIP Code
38118-7916
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424690)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.2M
Rural/Urban
Urban
Congressional District
TN-09

Loan Use Breakdown

Payroll
$247,214
Rent
$35,313
Utilities
$16,720

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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