1 SOURCE AUTO GROUP LLC (TN) - 2020 PPP Loan Borrower Profile (# 7640748403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1 SOURCE AUTO GROUP LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Tennessee.

Loan Detail

Loan Number

7640748403

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$40,487

Date Loan was Approved

Feb 12, 2021

Amount Forgiven

$40,661.15

Date Loan was Forgiven

Jul 26, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

40,483

Lender

Pinnacle Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423110

Borrower Location

Memphis, TN

Project Location

Memphis, TN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.