PPP Loan information for Precept ministries of reach out, inc.

$1,165,000

Precept ministries of reach out, inc. was initially approved for PPP Loan of amount $1,165,000, the current approved amount is $1,165,000. The loan was approved on 04/13/2020 by The Regions Bank reported 78 jobs and $1,165,000 was used to fund payroll.

Precept ministries of reach out, inc. is Existing or more than 2 years old

PPP Loan Search / TN / CHATTANOOGA / Precept ministries of reach out, inc.

PRECEPT MINISTRIES OF REACH OUT, INC.

Date Approved

04/13/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

PRECEPT MINISTRIES OF REACH OUT, INC.

Borrower Address

7324 NOAH REID ROAD,

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37421-1637

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1165000.00

Current Approval Amount

1165000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37421-1637

CD

TN-03

Jobs Reported

78

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1165000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1178405.48

Forgiveness Date

06/22/2021

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