Date Approved
04/07/2020
SBA Office Code
0474
Processing Method
PPP
Borrower Name
FORMALL, INC.
Borrower Address
1709 LAKE CITY HWY
Borrower City
CLINTON
Borrower State
TN
Borrower Zip
37716-6334
Loan Status Date
06/17/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1333800.00
Current Approval Amount
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
Servicing Lender Zip
38103-2723
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ANDERSON
Project State
Project Zip
CD
TN-03
Jobs Reported
145
NAICS Code
326199
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
155000.00
Payroll Proceed
1003100.00
Mortgage Interest Proceed
20000.00
Rent Proceed
85700.00
Refinance EIDL Proceed
Health Care Proceed
70000.00
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1348434.75
Forgiveness Date
05/21/2021