Elite Elastomers, Inc.

$494,900 PPP Loan in Ripley, Mississippi

Loan Details

Loan Number
4762377005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$494,900
Current Approval
$494,900
Forgiveness Amount
$498,574
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Elite Elastomers, Inc.
Address
200 County Road 565
City
Ripley
ZIP Code
38663-8164
Business Type
Corporation
Industry (NAICS)
Manufacturing (326220)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$54.6M
Rural/Urban
Rural
Congressional District
MS-01

Loan Use Breakdown

Payroll
$395,920
Utilities
$49,490
Mortgage Interest
$49,490

Lender Information

Servicing Lender
The Peoples Bank
Originating Lender
The Peoples Bank

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