PPP Loan information for The lofton corporation

$9,299,500

The lofton corporation was initially approved for PPP Loan of amount $9,299,500, the current approved amount is $9,299,500. The loan was approved on 04/13/2020 by The First Horizon Bank reported 500 jobs and $9,299,500 was used to fund payroll.

The lofton corporation is Existing or more than 2 years old

PPP Loan Search / LA / BATON ROUGE / The lofton corporation

THE LOFTON CORPORATION

Date Approved

04/13/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

THE LOFTON CORPORATION

Borrower Address

9414 INTERLINE AVE

Borrower City

BATON ROUGE

Borrower State

LA

Borrower Zip

70809-1911

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

9299500.00

Current Approval Amount

9299500.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BATON ROUGE

Project County Name

EAST BATON ROUGE

Project State

LA

Project Zip

70809-1911

CD

LA-06

Jobs Reported

500

NAICS Code

561330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

9299500.00

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

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

9439250.82

Forgiveness Date

10/19/2021

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