PPP Loan information for Tennessee abrasive inc

$100,280

Tennessee abrasive inc was initially approved for PPP Loan of amount $100,280, the current approved amount is $100,280. The loan was approved on 04/10/2020 by The Mountain Commerce Bank reported 11 jobs and $100,280 was used to fund payroll.

Tennessee abrasive inc is Existing or more than 2 years old

PPP Loan Search / TN / ERWIN / Tennessee abrasive inc

TENNESSEE ABRASIVE INC

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

TENNESSEE ABRASIVE INC

Borrower Address

1580 JACKSON LOVE HWY

Borrower City

ERWIN

Borrower State

TN

Borrower Zip

37650-9228

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100280.00

Current Approval Amount

100280.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ERWIN

Project County Name

UNICOI

Project State

TN

Project Zip

37650-9228

CD

TN-01

Jobs Reported

11

NAICS Code

327910

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6267.56

Payroll Proceed

75210.75

Mortgage Interest Proceed

0.00

Rent Proceed

18801.69

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

100853.82

Forgiveness Date

11/03/2020

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