Twin City Motors, Inc.
$1,364,859 PPP Loan in Alcoa, Tennessee
Loan Details
- Loan Number
- 8780317000
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,364,859
- Current Approval
- $1,364,859
- Forgiveness Amount
- $1,373,351
- Forgiveness Date
- Dec 15, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Twin City Motors, Inc.
- Address
- 3046 Alcoa Hwy
- City
- Alcoa
- State
- Tennessee
- ZIP Code
- 37701-3187
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 123
- Estimated Revenue
- $31.0M
- Rural/Urban
- Rural
- Congressional District
- TN-02
Loan Use Breakdown
- Payroll
- $1,023,859
- Rent
- $200,000
- Utilities
- $141,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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