BEST TUGS, LLC (UT) - 2020 PPP Loan Borrower Profile (# 4911157003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEST TUGS, LLC. 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 Utah.

Loan Detail

Loan Number

4911157003

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$349,500

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$353,062.03

Date Loan was Forgiven

Apr 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

310,000

Mortgage Interest Proceed

36,500

Rent Proceed

3,000

Lender

First Utah Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

812990

Borrower Location

MAPLETON, UT

Project Location

MAPLETON, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.