PPP Loan information for Twin city motors, inc.

$1,364,859

Twin city motors, inc. was initially approved for PPP Loan of amount $1,364,859, the current approved amount is $1,364,859. The loan was approved on 04/08/2020 by The First Horizon Bank reported 123 jobs and $1,364,859 was used to fund payroll.

Twin city motors, inc. is Existing or more than 2 years old

PPP Loan Search / TN / ALCOA / Twin city motors, inc.

TWIN CITY MOTORS, INC.

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

TWIN CITY MOTORS, INC.

Borrower Address

3046 ALCOA HWY

Borrower City

ALCOA

Borrower State

TN

Borrower Zip

37701-3187

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1364859.00

Current Approval Amount

1364859.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALCOA

Project County Name

BLOUNT

Project State

TN

Project Zip

37701-3187

CD

TN-02

Jobs Reported

123

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

141000.00

Payroll Proceed

1023859.00

Mortgage Interest Proceed

0.00

Rent Proceed

200000.00

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

1373351.46

Forgiveness Date

12/15/2020

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