PPP Loan information for Big red powersports, llc

$641,800

Big red powersports, llc was initially approved for PPP Loan of amount $641,800, the current approved amount is $641,800. The loan was approved on 04/08/2020 by The SmartBank reported 50 jobs and $641,800 was used to fund payroll.

Big red powersports, llc is Existing or more than 2 years old

PPP Loan Search / TN / CHATTANOOGA / Big red powersports, llc

BIG RED POWERSPORTS, LLC

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

BIG RED POWERSPORTS, LLC

Borrower Address

1394 Workman Road

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37407-3251

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

641800.00

Current Approval Amount

641800.00

Undisbursed Amount

0.00

Franchise Name

Honda Powersports Sales and Service Agreements

Servicing Lender Location Id

445288

Servicing Lender Name

SmartBank

Servicing Lender Address

2430 Teaster Ln, Ste 205

Servicing Lender City

PIGEON FORGE

Servicing Lender State

TN

Servicing Lender Zip

37863-5274

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37407-3251

CD

TN-03

Jobs Reported

50

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

641800.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

445288

Originating Lender

SmartBank

Originating Lender City

PIGEON FORGE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

648610.21

Forgiveness Date

05/05/2021

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