PPP Loan information for Arc automotive, inc.

$2,935,062

Arc automotive, inc. was initially approved for PPP Loan of amount $2,935,062, the current approved amount is $2,935,062. The loan was approved on 04/29/2020 by The First Horizon Bank reported 277 jobs and $2,935,062 was used to fund payroll.

Arc automotive, inc. is Existing or more than 2 years old

PPP Loan Search / TN / KNOXVILLE / Arc automotive, inc.

ARC AUTOMOTIVE, INC.

Date Approved

04/29/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

ARC AUTOMOTIVE, INC.

Borrower Address

1729 MIDPARK RD

Borrower City

KNOXVILLE

Borrower State

TN

Borrower Zip

37921

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2935062.00

Current Approval Amount

2935062.00

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

KNOXVILLE

Project County Name

KNOX

Project State

TN

Project Zip

37921-0002

CD

TN-02

Jobs Reported

277

NAICS Code

336390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2935062.00

Mortgage Interest Proceed

0.00

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2967184.62

Forgiveness Date

06/16/2021

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