PPP Loan information for The cornerstone of recovery inc

$1,945,748

The cornerstone of recovery inc was initially approved for PPP Loan of amount $1,945,748, the current approved amount is $1,945,748. The loan was approved on 04/06/2020 by The Peoples Bank of the South reported 244 jobs and $1,945,748 was used to fund payroll.

The cornerstone of recovery inc is Existing or more than 2 years old

PPP Loan Search / TN / LOUISVILLE / The cornerstone of recovery inc

THE CORNERSTONE OF RECOVERY INC

Date Approved

04/06/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

THE CORNERSTONE OF RECOVERY INC

Borrower Address

AIRPORT HWY

Borrower City

LOUISVILLE

Borrower State

TN

Borrower Zip

37777-4419

Loan Status Date

10/31/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1945747.50

Current Approval Amount

1945747.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67138

Servicing Lender Name

Peoples Bank of the South

Servicing Lender Address

106 W Central Ave

Servicing Lender City

LA FOLLETTE

Servicing Lender State

TN

Servicing Lender Zip

37766-3569

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LOUISVILLE

Project County Name

BLOUNT

Project State

TN

Project Zip

37777-0001

CD

TN-02

Jobs Reported

244

NAICS Code

622210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

97287.38

Payroll Proceed

1653885.38

Mortgage Interest Proceed

0.00

Rent Proceed

97287.38

Refinance EIDL Proceed

0.00

Health Care Proceed

97287.36

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67138

Originating Lender

Peoples Bank of the South

Originating Lender City

LA FOLLETTE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1957367.94

Forgiveness Date

11/12/2020

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