Dienamic Tooling Systems INC

$988,589 PPP Loan in Lenoir City, Tennessee

Loan Details

Loan Number
7956737008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$988,589
Current Approval
$988,589
Forgiveness Amount
$1,001,427
Forgiveness Date
Aug 3, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Dienamic Tooling Systems INC
Address
303 Sam Ray Burn Pkwy
ZIP Code
37771-3353
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
63
Estimated Revenue
$16.5M
Rural/Urban
Rural
Congressional District
TN-02

Loan Use Breakdown

Payroll
$665,285
Utilities
$25,600
Health Care
$125,587
Mortgage Interest
$144,790
Debt Interest
$27,327

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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