Shafer Insurance Agency, Inc.

$620,543 PPP Loan in Knoxville, Tennessee

Loan Details

Loan Number
1722557100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$620,543
Current Approval
$620,543
Forgiveness Amount
$629,369
Forgiveness Date
Sep 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shafer Insurance Agency, Inc.
Address
1100 Marion St. Suite 200
ZIP Code
37921-6854
Business Type
Subchapter S Corporation
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$18.0M
Rural/Urban
Urban
Congressional District
TN-02

Loan Use Breakdown

Payroll
$591,667
Mortgage Interest
$28,876

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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