Mapes Piano String Company

$763,100 PPP Loan in Elizabethton, Tennessee

Loan Details

Loan Number
5160597009
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$763,100
Current Approval
$763,100
Forgiveness Amount
$767,509
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mapes Piano String Company
Address
1 Wire Mill Rd
ZIP Code
37643-2757
Business Type
Corporation
Industry (NAICS)
Retail Trade (451140)
Business Age
Existing or more than 2 years old
Jobs Reported
125
Estimated Revenue
$29.4M
Rural/Urban
Rural
Congressional District
TN-01

Loan Use Breakdown

Payroll
$572,310
Rent
$143,093
Utilities
$47,697

Lender Information

Servicing Lender
Mountain Commerce Bank
Originating Lender
Mountain Commerce Bank

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