PPP Loan information for Medical education assistance corporation

$4,896,317

Medical education assistance corporation was initially approved for PPP Loan of amount $4,896,317, the current approved amount is $4,896,317. The loan was approved on 04/08/2020 by The First Horizon Bank reported 402 jobs and $4,896,317 was used to fund payroll.

Medical education assistance corporation is Existing or more than 2 years old

PPP Loan Search / TN / JOHNSON CITY / Medical education assistance corporation

MEDICAL EDUCATION ASSISTANCE CORPORATION

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MEDICAL EDUCATION ASSISTANCE CORPORATION

Borrower Address

222 East Main Street

Borrower City

JOHNSON CITY

Borrower State

TN

Borrower Zip

37604-5708

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

23

SBA Guaranty Percentage

100

Initial Approval Amount

4896317.00

Current Approval Amount

4896317.00

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

JOHNSON CITY

Project County Name

WASHINGTON

Project State

TN

Project Zip

37604-5708

CD

TN-01

Jobs Reported

402

NAICS Code

621111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

296317.00

Payroll Proceed

4000000.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

500000.00

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

4952080.61

Forgiveness Date

06/09/2021

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