PPP Loan information for Advent electric, incorporated

$676,900

Advent electric, incorporated was initially approved for PPP Loan of amount $676,900, the current approved amount is $676,900. The loan was approved on 04/09/2020 by The Mountain Commerce Bank reported 83 jobs and $676,900 was used to fund payroll.

Advent electric, incorporated is Existing or more than 2 years old

PPP Loan Search / TN / KNOXVILLE / Advent electric, incorporated

ADVENT ELECTRIC, INCORPORATED

Date Approved

04/09/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

ADVENT ELECTRIC, INCORPORATED

Borrower Address

5901 WALDEN DR

Borrower City

KNOXVILLE

Borrower State

TN

Borrower Zip

37919-6336

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

676900.00

Current Approval Amount

676900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KNOXVILLE

Project County Name

KNOX

Project State

TN

Project Zip

37919-6336

CD

TN-02

Jobs Reported

83

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

42306.00

Payroll Proceed

507675.00

Mortgage Interest Proceed

126919.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

682127.17

Forgiveness Date

01/14/2021

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