PPP Loan information for Class pay inc

$220,852

Class pay inc was initially approved for PPP Loan of amount $771,292, the current approved amount is $220,852. The loan was approved on 04/13/2020 by The Volunteer State Bank reported 31 jobs and $220,852 was used to fund payroll.

Class pay inc is Existing or more than 2 years old

CLASS PAY INC

Date Approved

04/13/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

CLASS PAY INC

Borrower Address

1602 JP HENNESSEY DR

Borrower City

LAVERGNE

Borrower State

TN

Borrower Zip

37086-3523

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

771291.60

Current Approval Amount

220852.10

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68778

Servicing Lender Name

Volunteer State Bank

Servicing Lender Address

101 Hwy 52 W

Servicing Lender City

PORTLAND

Servicing Lender State

TN

Servicing Lender Zip

37148-1407

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAVERGNE

Project County Name

DAVIDSON

Project State

TN

Project Zip

37086-3523

CD

TN-04

Jobs Reported

31

NAICS Code

484210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

165639.00

Mortgage Interest Proceed

45213.10

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

68778

Originating Lender

Volunteer State Bank

Originating Lender City

PORTLAND

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

212328.06

Forgiveness Date

12/22/2020

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