PPP Loan information for Tennessee abrasive inc

$97,490

Tennessee abrasive inc was initially approved for PPP Loan of amount $97,490, the current approved amount is $97,490. The loan was approved on 01/27/2021 by The Mountain Commerce Bank reported 10 jobs and $97,490 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

01/27/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

TENNESSEE ABRASIVE INC

Borrower Address

1580 Jackson Love Hwy

Borrower City

Erwin

Borrower State

TN

Borrower Zip

37650-9228

Loan Status Date

03/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

97490.00

Current Approval Amount

97490.00

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

10

NAICS Code

327910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

97488.00

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

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

98015.36

Forgiveness Date

08/25/2021

;