Vanmar INC

$641,175 PPP Loan in Kingsport, Tennessee

Loan Details

Loan Number
9640087006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$641,175
Current Approval
$641,175
Forgiveness Amount
$646,999
Forgiveness Date
Mar 18, 2021
Term
23 months
Draw
First Draw

Business Information

Business Name
Vanmar INC
Address
3505 S Wilcox Dr Ste 1
ZIP Code
37660-7472
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Burger King
Business Age
Existing or more than 2 years old
Jobs Reported
214
Estimated Revenue
$38.0M
Rural/Urban
Urban
Congressional District
TN-01

Loan Use Breakdown

Payroll
$505,175
Rent
$40,000
Utilities
$40,000
Health Care
$23,000
Mortgage Interest
$33,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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