# PPP loan: IMPACT PLASTICS INC
> **$389K** approved 01/26/2021 · Paid in Full · Loan `6159968300`
## Borrower
- **Name:** IMPACT PLASTICS INC
- **Address:** 1070 S Industrial Dr, Erwin, TN, 37650-3656
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 03/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Bank of Tennessee
- **Servicing:** Bank of Tennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*