PPP Loan information for Memphis motorsports inc

$191,034

Memphis motorsports inc was initially approved for PPP Loan of amount $191,034, the current approved amount is $191,034. The loan was approved on 04/14/2020 by The First Horizon Bank reported 13 jobs and $191,034 was used to fund payroll.

Memphis motorsports inc is Existing or more than 2 years old

PPP Loan Search / TN / CORDOVA / Memphis motorsports inc

MEMPHIS MOTORSPORTS INC

Date Approved

04/14/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MEMPHIS MOTORSPORTS INC

Borrower Address

9063 MACON RD

Borrower City

CORDOVA

Borrower State

TN

Borrower Zip

38016-6111

Loan Status Date

10/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

191034.00

Current Approval Amount

191034.00

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

CORDOVA

Project County Name

SHELBY

Project State

TN

Project Zip

38016-6111

CD

TN-09

Jobs Reported

13

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

191034.00

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

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

193528.06

Forgiveness Date

08/16/2021

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