other material
confidence high
sentiment positive
materiality 0.55
Integrated Biopharma's $1.64M PPP loan forgiven by SBA
INTEGRATED BIOPHARMA INC
- SBA paid $1,658,652.85 to PNC; $1,639,300 applied to principal, $19,352.85 to accrued interest.
- PPP loan originally disclosed in March 2020 10-Q; now fully satisfied with no repayment obligation.
- Company received notification on June 30, 2021; agreement terminated via SBA forgiveness.