BANKS FLOOR COVERING, INC (KY) - 2020 PPP Loan Borrower Profile (# 8747747107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BANKS FLOOR COVERING, INC. 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

8747747107

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$14,900

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$14,984.5

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,490

Payroll Proced

11,175

Rent Proceed

2,235

Lender

Bank of the Bluegrass & Trust Company

Business Detail

Business Type

Corporation

NAICS

238330

Borrower Location

LEXINGTON, KY

Project Location

LEXINGTON, KY

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.