PPP Loan information for American asset corporation

$870,328

American asset corporation was initially approved for PPP Loan of amount $870,328, the current approved amount is $870,328. The loan was approved on 04/13/2020 by The First Horizon Bank reported 51 jobs and $870,328 was used to fund payroll.

American asset corporation is Existing or more than 2 years old

PPP Loan Search / NC / CHARLOTTE / American asset corporation

AMERICAN ASSET CORPORATION

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

AMERICAN ASSET CORPORATION

Borrower Address

5950 Fairview Rd. Suite 800

Borrower City

CHARLOTTE

Borrower State

NC

Borrower Zip

28210-0084

Loan Status Date

12/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

870328.00

Current Approval Amount

870328.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTE

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28210-0084

CD

NC-14

Jobs Reported

51

NAICS Code

531390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

696263.00

Mortgage Interest Proceed

0.00

Rent Proceed

75694.00

Refinance EIDL Proceed

0.00

Health Care Proceed

98371.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

882174.13

Forgiveness Date

09/07/2021

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