Date Approved
04/10/2020
SBA Office Code
0474
Processing Method
PPP
Borrower Name
LOFTON CHEVROLET INC
Borrower Address
1145 US HIGHWAY 45
Borrower City
HENDERSON
Borrower State
TN
Borrower Zip
38340-4100
Loan Status Date
03/04/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
161690.57
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
66917
Servicing Lender Name
Decatur County Bank
Servicing Lender Address
56 N Pleasant St
Servicing Lender City
DECATURVILLE
Servicing Lender State
Servicing Lender Zip
38329-4083
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
CHESTER
Project State
Project Zip
CD
TN-08
Jobs Reported
25
NAICS Code
441110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
6000.00
Payroll Proceed
151690.57
Mortgage Interest Proceed
Rent Proceed
4000.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
144593.70
Forgiveness Date
11/10/2020