EVI Industries Inc.
06/22/2021 | Press release | Distributed by Public on 06/22/2021 14:24
Material Event (Form 8-K)
Other Events.
As previously disclosed, during March 2020, EVI Industries, Inc. (the 'Company') and certain of its subsidiaries received a total of twelve loans in the aggregate principal amount of approximately $6.9 million (the 'PPP Loans') under the Paycheck Protection Program established under the Coronavirus Aid, Relief, and Economic Security Act (the 'CARES Act'). During April 2021, the Company and its applicable subsidiaries applied for forgiveness of the PPP Loans in accordance with the terms of the CARES Act. The Company has been notified by Fifth Third Bank, N.A., the lender with respect to the PPP Loans, that all twelve of the PPP Loans have been fully forgiven.