Memphis Business Academy

$2,309,200 PPP Loan in Memphis, Tennessee

Loan Details

Loan Number
3502437205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$2,309,200
Current Approval
$2,309,200
Forgiveness Amount
$2,225,603
Forgiveness Date
Dec 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Memphis Business Academy
Address
2450 Frayser Blvd
ZIP Code
38127-5823
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611110)
Business Age
New Business or 2 years or less
Jobs Reported
193
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
TN-09

Loan Use Breakdown

Payroll
$2,309,200

Lender Information

Servicing Lender
Hope Enterprise Corporation
Originating Lender
Hope Enterprise Corporation

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