Somerset Recycling Services, Inc.

$653,100 PPP Loan in Somerset, Kentucky

Loan Details

Loan Number
4467887002
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$653,100
Current Approval
$600,000
Forgiveness Amount
$605,017
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Somerset Recycling Services, Inc.
Address
1 Recycle Way
ZIP Code
42503-5440
Business Type
Corporation
Industry (NAICS)
Manufacturing (325991)
Business Age
Existing or more than 2 years old
Jobs Reported
77
Estimated Revenue
$76.4M
Rural/Urban
Rural
Congressional District
KY-05

Loan Use Breakdown

Payroll
$449,002
Utilities
$80,145
Health Care
$14,881
Mortgage Interest
$55,973

Lender Information

Servicing Lender
Cumberland Valley National Bank & Trust Company
Originating Lender
Cumberland Valley National Bank & Trust Company

Other PPP Loans in Somerset, KY

BusinessApproved
South Kentucky Rural Electric Cooperative$3,087,600NewBizBotResearch
Tru-Check, Inc.$2,228,557NewBizBotResearch
Coretrans, LLC$1,926,417NewBizBotResearch
Modern Distributors, Inc.$1,701,672NewBizBotResearch
Lake Cumberland Regional Mental Health-Mental Retardation$1,612,664NewBizBotResearch

Want to research this company further?

Try NewBizBot free