General Truck Sales & Service, Inc.
$698,000 PPP Loan in Memphis, Tennessee
Loan Details
- Loan Number
- 7337617008
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $698,000
- Current Approval
- $698,000
- Forgiveness Amount
- $704,670
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- General Truck Sales & Service, Inc.
- Address
- 1973 E Brooks Road
- City
- Memphis
- State
- Tennessee
- ZIP Code
- 38116-3601
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 51
- Estimated Revenue
- $15.6M
- Rural/Urban
- Urban
- Congressional District
- TN-09
Loan Use Breakdown
- Payroll
- $620,000
- Rent
- $1,000
- Utilities
- $10,000
- Health Care
- $30,000
- Mortgage Interest
- $7,000
- Debt Interest
- $30,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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