Medical Education Assistance Corporation

$4,896,317 PPP Loan in Johnson City, Tennessee

Loan Details

Loan Number
7865797009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$4,896,317
Current Approval
$4,896,317
Forgiveness Amount
$4,952,081
Forgiveness Date
Jun 9, 2021
Term
23 months
Draw
First Draw

Business Information

Business Name
Medical Education Assistance Corporation
Address
222 East Main Street
ZIP Code
37604-5708
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (621111)
Business Age
Existing or more than 2 years old
Jobs Reported
402
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
TN-01

Loan Use Breakdown

Payroll
$4,000,000
Rent
$100,000
Utilities
$296,317
Health Care
$500,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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