Crescent Sock Company

$943,138 PPP Loan in Niota, Tennessee

Loan Details

Loan Number
7356007008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$943,138
Current Approval
$943,138
Forgiveness Amount
$952,805
Forgiveness Date
Apr 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Crescent Sock Company
Address
527 East Willson St
City
Niota
ZIP Code
37826-3422
Business Type
Corporation
Industry (NAICS)
Manufacturing (315110)
Business Age
Existing or more than 2 years old
Jobs Reported
91
Estimated Revenue
$32.1M
Rural/Urban
Rural
Congressional District
TN-03

Loan Use Breakdown

Payroll
$746,001
Rent
$30,000
Utilities
$64,000
Health Care
$44,000
Mortgage Interest
$10,000
Debt Interest
$49,137

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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