DOUGLAS LUMBER CORPORATION (RI) - 2020 PPP Loan Borrower Profile (# 7563067105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DOUGLAS LUMBER CORPORATION. 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 Rhode Island.

Loan Detail

Loan Number

7563067105

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$893,419

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$904,923.3

Date Loan was Forgiven

Aug 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

893,419

Lender

Customers Bank

Business Detail

Business Type

Corporation

NAICS

423310

Borrower Location

SMITHFIELD, RI

Project Location

SMITHFIELD, RI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.