BENNETT'S CARPETS, INC. (KY) - 2020 PPP Loan Borrower Profile (# 5170347008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BENNETT'S CARPETS, 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

5170347008

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$996,737

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$1,002,994.29

Date Loan was Forgiven

Nov 27, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

748,694.93

Mortgage Interest Proceed

100,000

Health Care Proceed

148,042.07

Lender

The First National Bank of Russell Springs

Business Detail

Business Type

Corporation

NAICS

238330

Borrower Location

RUSSELL SPRINGS, KY

Project Location

RUSSELL SPRINGS, KY

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

121

Business Age Description

Existing or more than 2 years old

Data Source: SBA.