ALLISON ABRASIVES INCORPORATED (KY) - 2020 PPP Loan Borrower Profile (# 2242898306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALLISON ABRASIVES INCORPORATED. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Kentucky.

Loan Detail

Loan Number

2242898306

SBA Office Code

0457

Processing Method

PPS

Curent Loan Amount

$832,669

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$839,006.54

Date Loan was Forgiven

Oct 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

832,666

Lender

Whitaker Bank, Inc

Business Detail

Business Type

Corporation

NAICS

327910

Borrower Location

Lancaster, KY

Project Location

Lancaster, KY

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

161

Business Age Description

Existing or more than 2 years old

Data Source: SBA.