Lane College

$2,059,855 PPP Loan in Jackson, Tennessee

Loan Details

Loan Number
9877697010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$2,059,855
Current Approval
$2,059,855
Forgiveness Amount
$2,083,543
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lane College
Address
545 Lane Ave
ZIP Code
38301-4501
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611310)
Business Age
Existing or more than 2 years old
Jobs Reported
244
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
TN-08

Loan Use Breakdown

Payroll
$1,640,970
Rent
$189,394
Utilities
$229,491

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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