PPP Loan information for American development corporation of tennessee, inc.

$432,678

American development corporation of tennessee, inc. was initially approved for PPP Loan of amount $432,678, the current approved amount is $432,678. The loan was approved on 04/06/2020 by The Bank of Lincoln County reported 31 jobs and $432,678 was used to fund payroll.

American development corporation of tennessee, inc. is Existing or more than 2 years old

AMERICAN DEVELOPMENT CORPORATION OF TENNESSEE, INC.

Date Approved

04/06/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

AMERICAN DEVELOPMENT CORPORATION OF TENNESSEE, INC.

Borrower Address

821 WILLIAM D JONES BLVD

Borrower City

FAYETTEVILLE

Borrower State

TN

Borrower Zip

37334-2760

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

432677.50

Current Approval Amount

432677.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

263677

Servicing Lender Name

Bank of Lincoln County

Servicing Lender Address

307 E College St

Servicing Lender City

FAYETTEVILLE

Servicing Lender State

TN

Servicing Lender Zip

37334-3005

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAYETTEVILLE

Project County Name

LINCOLN

Project State

TN

Project Zip

37334-2760

CD

TN-04

Jobs Reported

31

NAICS Code

424690

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9646.00

Payroll Proceed

372621.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

50410.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

263677

Originating Lender

Bank of Lincoln County

Originating Lender City

FAYETTEVILLE

Originating Lender State

TN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

435105.30

Forgiveness Date

11/03/2020

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