Date Approved
04/09/2020
SBA Office Code
0474
Processing Method
PPP
Borrower Name
LANE COLLEGE
Borrower Address
545 LANE AVE
Borrower City
JACKSON
Borrower State
TN
Borrower Zip
38301-4501
Loan Status Date
07/17/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
2059855.00
Current Approval Amount
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
Servicing Lender Zip
38103-2723
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MADISON
Project State
Project Zip
CD
TN-08
Jobs Reported
244
NAICS Code
611310
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
229491.00
Payroll Proceed
1640970.00
Mortgage Interest Proceed
Rent Proceed
189394.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Non-Profit Organization
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
2083543.33
Forgiveness Date
06/15/2021