Closet Masters, INC

$285,000 PPP Loan in West Jordan, Utah

Loan Details

Loan Number
6895267108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$285,000
Current Approval
$285,000
Forgiveness Amount
$286,688
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Closet Masters, INC
Address
5585 W Wells Park Rd
State
Utah
ZIP Code
84081
Business Type
Corporation
Industry (NAICS)
Manufacturing (315990)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$8.1M
Rural/Urban
Urban
Congressional District
UT-02

Loan Use Breakdown

Payroll
$226,400
Rent
$22,500
Utilities
$4,500
Health Care
$15,600
Mortgage Interest
$10,000
Debt Interest
$6,000

Lender Information

Servicing Lender
First Utah Bank
Originating Lender
First Utah Bank

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