BANKS GROCERY COMPANY, INC (KY) - 2020 PPP Loan Borrower Profile (# 1973897102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BANKS GROCERY COMPANY, 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

1973897102

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$665,900

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$670,278.52

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

665,900

Lender

The Paducah Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

445110

Borrower Location

PADUCAH, KY

Project Location

PADUCAH, KY

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

145

Business Age Description

Existing or more than 2 years old

Data Source: SBA.