109 AUTO SALES, INC. (TN) - 2020 PPP Loan Borrower Profile (# 1334777301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 109 AUTO SALES, INC.. 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

1334777301

SBA Office Code

0474

Processing Method

PPP

Curent Loan Amount

$75,000

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$76,004.17

Date Loan was Forgiven

Sep 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

75,000

Mortgage Interest Proceed

Rent Proceed

Refinance EIDL Proceed

Health Care Proceed

Debt Interest Proceed

Lender

Simmons Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441120

Borrower Location

Portland, TN

Project Location

Portland, TN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.