PPP Loan information for Lane college

$2,059,855

Lane college was initially approved for PPP Loan of amount $2,059,855, the current approved amount is $2,059,855. The loan was approved on 04/09/2020 by The First Horizon Bank reported 244 jobs and $2,059,855 was used to fund payroll.

Lane college is Existing or more than 2 years old

PPP Loan Search / TN / JACKSON / Lane college

LANE COLLEGE

Date Approved

04/09/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

LANE COLLEGE

Borrower Address

545 LANE AVE

Borrower City

JACKSON

Borrower State

TN

Borrower Zip

38301-4501

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2059855.00

Current Approval Amount

2059855.00

Undisbursed Amount

0.00

Franchise Name

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JACKSON

Project County Name

MADISON

Project State

TN

Project Zip

38301-4501

CD

TN-08

Jobs Reported

244

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

229491.00

Payroll Proceed

1640970.00

Mortgage Interest Proceed

0.00

Rent Proceed

189394.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2083543.33

Forgiveness Date

06/15/2021

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