Memphis Academy of Science and Engineering
$697,320 PPP Loan in Memphis, Tennessee
Loan Details
- Loan Number
- 1852177102
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $697,320
- Current Approval
- $697,320
- Forgiveness Amount
- $704,622
- Forgiveness Date
- May 10, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Memphis Academy of Science and Engineering
- Address
- 1254 Jefferson Avenue
- City
- Memphis
- State
- Tennessee
- ZIP Code
- 38104-7229
- Business Type
- Non-Profit Organization
- Industry (NAICS)
- Educational Services (611110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 69
- Estimated Revenue
- N/A (non-profit)
- Non-Profit
- Yes
- Rural/Urban
- Urban
- Congressional District
- TN-09
Loan Use Breakdown
- Payroll
- $557,856
- Rent
- $45,000
- Utilities
- $8,000
- Health Care
- $66,464
- Debt Interest
- $20,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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