PPP Loan information for Memphis business academy

$2,309,200

Memphis business academy was initially approved for PPP Loan of amount $2,309,200, the current approved amount is $2,309,200. The loan was approved on 04/27/2020 by The Hope Enterprise Corporation reported 193 jobs and $2,309,200 was used to fund payroll.

Memphis business academy is New Business or 2 years or less

PPP Loan Search / TN / Memphis / Memphis business academy

MEMPHIS BUSINESS ACADEMY

Date Approved

04/27/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MEMPHIS BUSINESS ACADEMY

Borrower Address

2450 Frayser Blvd

Borrower City

Memphis

Borrower State

TN

Borrower Zip

38127-5823

Loan Status Date

03/02/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2309200.00

Current Approval Amount

2309200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

487365

Servicing Lender Name

Hope Enterprise Corporation

Servicing Lender Address

4 Old River Place

Servicing Lender City

Jackson

Servicing Lender State

MS

Servicing Lender Zip

39202

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Memphis

Project County Name

SHELBY

Project State

TN

Project Zip

38127-5823

CD

TN-09

Jobs Reported

193

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2309200.00

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

Non-Profit Organization

Originating Lender Location Id

487365

Originating Lender

Hope Enterprise Corporation

Originating Lender City

Jackson

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2225602.85

Forgiveness Date

12/20/2021

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