Arches Automotive LLC
$712,149 PPP Loan in Memphis, Tennessee
Loan Details
- Loan Number
- 8570097008
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $712,149
- Current Approval
- $712,149
- Forgiveness Amount
- $720,339
- Forgiveness Date
- Jun 15, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Arches Automotive LLC
- Address
- 2080 Covington Pike
- City
- Memphis
- State
- Tennessee
- ZIP Code
- 38128-6982
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Subaru Dealer Agreement
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 54
- Estimated Revenue
- $13.6M
- Rural/Urban
- Urban
- Congressional District
- TN-09
Loan Use Breakdown
- Payroll
- $585,649
- Rent
- $43,000
- Utilities
- $12,000
- Health Care
- $36,500
- Debt Interest
- $35,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
Other PPP Loans in Memphis, TN
| Business | Approved | |
|---|---|---|
| Wendelta, INC | $10,000,000 |  AI Deep Dive |
| Eastport Holdings LLC | $10,000,000 | AI Deep Dive |
| Mimeo.com, INC | $6,798,036 | AI Deep Dive |
| Building Plastics INC | $6,184,037 | AI Deep Dive |
| Ensafe Inc. | $5,882,393 | AI Deep Dive |
Want to research this company further?