PPP Loan information for Grindstaff inc

$701,179

Grindstaff inc was initially approved for PPP Loan of amount $701,179, the current approved amount is $701,179. The loan was approved on 04/07/2020 by The First Horizon Bank reported 80 jobs and $701,179 was used to fund payroll.

Grindstaff inc is Existing or more than 2 years old

PPP Loan Search / TN / ELIZABETHTON / Grindstaff inc

GRINDSTAFF INC

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

GRINDSTAFF INC

Borrower Address

2224 West Elk Ave

Borrower City

ELIZABETHTON

Borrower State

TN

Borrower Zip

37643-3714

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

701178.77

Current Approval Amount

701178.77

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELIZABETHTON

Project County Name

CARTER

Project State

TN

Project Zip

37643-3714

CD

TN-01

Jobs Reported

80

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

66207.00

Payroll Proceed

526224.77

Mortgage Interest Proceed

0.00

Rent Proceed

76500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

32247.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

695748.23

Forgiveness Date

12/15/2020

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