Power Equipment Company of Memphis
$767,248 PPP Loan in Memphis, Tennessee
Loan Details
- Loan Number
- 9106057008
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $767,248
- Current Approval
- $767,247
- Forgiveness Amount
- $775,495
- Forgiveness Date
- May 18, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Power Equipment Company of Memphis
- Address
- 3050 Broad Avenue
- City
- Memphis
- State
- Tennessee
- ZIP Code
- 38112-3001
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423830)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 54
- Estimated Revenue
- $16.5M
- Rural/Urban
- Urban
- Congressional District
- TN-09
Loan Use Breakdown
- Payroll
- $740,416
- Rent
- $8,531
- Utilities
- $15,000
- Mortgage Interest
- $3,300
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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