PPP Loan information for Summit motors, inc.

$507,210

Summit motors, inc. was initially approved for PPP Loan of amount $507,210, the current approved amount is $507,210. The loan was approved on 04/07/2020 by The First Horizon Bank reported 36 jobs and $507,210 was used to fund payroll.

Summit motors, inc. is Existing or more than 2 years old

PPP Loan Search / TN / CHATTANOOGA / Summit motors, inc.

SUMMIT MOTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SUMMIT MOTORS, INC.

Borrower Address

6039 International Dr.

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37421-1617

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

507210.00

Current Approval Amount

507210.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37421-1617

CD

TN-03

Jobs Reported

36

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

169070.00

Payroll Proceed

169070.00

Mortgage Interest Proceed

0.00

Rent Proceed

169070.00

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

515029.49

Forgiveness Date

11/03/2021

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