Musgrave Pencil Company INC

$507,945 PPP Loan in Shelbyville, Tennessee

Loan Details

Loan Number
5188987108
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$507,945
Current Approval
$507,945
Forgiveness Amount
$511,063
Forgiveness Date
Dec 1, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Musgrave Pencil Company INC
Address
701 W Lane Street
ZIP Code
37160-3116
Business Type
Corporation
Industry (NAICS)
Manufacturing (339940)
Business Age
Existing or more than 2 years old
Jobs Reported
91
Estimated Revenue
$25.4M
Rural/Urban
Rural
Congressional District
TN-04

Loan Use Breakdown

Payroll
$380,959
Utilities
$50,795
Mortgage Interest
$76,192

Lender Information

Servicing Lender
First Community Bank of Tennessee
Originating Lender
First Community Bank of Tennessee

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