Payne Chevrolet INC
$631,000 PPP Loan in Springfield, Tennessee
Loan Details
- Loan Number
- 5668647110
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $631,000
- Current Approval
- $631,000
- Forgiveness Amount
- $635,097
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Payne Chevrolet INC
- Address
- 2807 Memorial Blvd
- City
- Springfield
- State
- Tennessee
- ZIP Code
- 37172-4240
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441120)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 60
- Estimated Revenue
- $15.1M
- Rural/Urban
- Rural
- Congressional District
- TN-06
Loan Use Breakdown
- Payroll
- $550,000
- Utilities
- $6,000
- Mortgage Interest
- $75,000
Lender Information
- Servicing Lender
- United Community Bank
- Originating Lender
- Reliant Bank, a Division of United Community Bank
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|---|---|---|
| Fletchline, INC | $5,033,735 |  Research |
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| Brown Builders, INC | $800,000 | Research |
| Conveyor Systems INC | $595,100 | Research |
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