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Formall, Inc.

$1,333,800 PPP Loan in Clinton, Tennessee

Loan Details

Loan Number
7297307003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,333,800
Current Approval
$1,333,800
Forgiveness Amount
$1,348,435
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Formall, Inc.
Address
1709 Lake City Hwy
City
Clinton
State
Tennessee
ZIP Code
37716-6334
Business Type
Corporation
Industry (NAICS)
Manufacturing (326199)
Business Age
Existing or more than 2 years old
Jobs Reported
145
Estimated Revenue
$143.8M
Rural/Urban
Rural
Congressional District
TN-03

Loan Use Breakdown

Payroll
$1,003,100
Rent
$85,700
Utilities
$155,000
Health Care
$70,000
Mortgage Interest
$20,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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