# PPP loan: IMPACT PLASTICS, INC
> **$464K** approved 04/09/2020 · Paid in Full · Loan `9411627009`
## Borrower
- **Name:** IMPACT PLASTICS, INC
- **Address:** 1070A South Industrial Drive, ERWIN, TN, 37650-3602
- **NAICS:** 325211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $464K
- **Initial approval:** $464K
- **Forgiven:** $468K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $464K
- **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*