Simpson Nurseries of Tennessee

$308,517 PPP Loan in Smithville, Tennessee

Loan Details

Loan Number
2211297108
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$308,517
Current Approval
$308,517
Forgiveness Amount
$312,108
Forgiveness Date
Jun 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Simpson Nurseries of Tennessee
Address
6416 Short Mountain Hwy
ZIP Code
37166-6425
Business Type
Subchapter S Corporation
Industry (NAICS)
Agriculture, Forestry, Fishing and Hunting (111421)
Business Age
Existing or more than 2 years old
Jobs Reported
64
Estimated Revenue
$6.5M
Rural/Urban
Rural
Congressional District
TN-04

Loan Use Breakdown

Payroll
$270,707
Rent
$2,000
Utilities
$28,895
Mortgage Interest
$2,315
Debt Interest
$4,600

Lender Information

Servicing Lender
The First Bank
Originating Lender
The First Bank

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